According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to rise in November, with a price of 2550 yuan/ton as of November 30th, an increase of 130 yuan/ton compared to the price of 2420 yuan/ton at the beginning of the month, an increase of 5.37%.

The price of acetic acid rose strongly in November. During the month, some manufacturers stopped for maintenance, resulting in a decrease in acetic acid production rate and supply. At the same time, the inventory of enterprises decreased, and manufacturers had a strong mentality of raising prices. Downstream parties followed up as needed, and the pressure on factory sales was not significant. Under the dominance of the supply side market, the price trend of acetic acid continued to rise.
The raw material methanol market is operating weakly and fluctuating. As of November 30th, the average price in the domestic market was 2120 yuan/ton, a decrease of 1.62% compared to the beginning of the month price of 2155 yuan/ton. The inventory in the methanol port market remains high, and high supply is continuously suppressing prices. The supply and demand situation in the mainland market continues to be weak, with limited shipments from enterprises. The weak situation in the market has not yet improved, and the methanol market is fluctuating and consolidating.
Market forecast: Business analysts believe that the inventory of acetic acid enterprises will continue to decline, and the market atmosphere will remain optimistic. The supply pressure is not high, and the demand side will purchase according to demand. The market atmosphere will continue to rise, and it is expected that the acetic acid market will continue to operate strongly next month. Specific attention will be paid to downstream follow-up situations.