According to the monitoring of the bulk data of the business community, the acetic acid market was weak in November. The average price of acetic acid at the beginning of the month was 3442.50 yuan/ton, and the price at the end of the month was 3282.50 yuan/ton, with a decline of 4.65% in the month and a year-on-year decrease of 5086%.

As of the end of the month, the details of acetic acid market prices in various regions in China in November are as follows:

Region./November 1./November 15./November 30

South China./3400 yuan/ton./3200 yuan/ton./3200 yuan/ton

North China./3300 yuan/ton./3250 yuan/ton./3100 yuan/ton

Shandong./3250 yuan/ton./3250 yuan/ton./3175 yuan/ton

Jiangsu region./3150 yuan/ton./3000 yuan/ton./3050 yuan/ton

Zhejiang Province./3250 yuan/ton./3100 yuan/ton./3150 yuan/ton

In November, the acetic acid market was weak and declined. In the first ten days, the market was basically stable. The price of raw methanol was low, and the cost support was insufficient. Although there was equipment maintenance in the acetic acid market, the downstream demand was low, and the market was not boosted enough, and the acetic acid enterprises’ quotations were temporarily stable; In the middle of the year, the operating rate of acetic acid in the market rose, the inventory of enterprises accumulated, downstream demand was weak, and the price trend of acetic acid fell continuously; The market range fluctuated in the last ten days, and the downstream demand was still sluggish. During this period, some enterprises actively shipped, the inventory pressure eased, and the price of acetic acid rose briefly. However, the overall buyer dominated the market, and the acetic acid market was weak.

The methanol market at the feedstock end was in a wide swing. As of the 30th, the average price in the domestic market was 2768.33 yuan/ton, a 2.39% drop compared with the price of 2836.00 yuan/ton on November 1. The price of methanol raw material natural gas continues to fall, methanol cost support is weakened, while downstream construction is low, procurement is limited, and the atmosphere of market negotiation is weak. In addition, transportation in some regions is limited, enterprise inventories are increased, and methanol prices are reduced by shocks.

The downstream ethyl acetate market was weak in November, and the quotation at the end of the month was 3766.67 yuan/ton, a decrease of 2.64% compared with 6950.00 yuan/ton at the beginning of the month. The raw material acetic acid market is weak, the cost support is weak, the downstream side continues to follow up on demand, the enterprise is not enthusiastic about getting goods, the benefits of ethyl acetate are insufficient, the market mentality is bearish, and the ethyl acetate market is weak.

According to the analysts of the business community, the current trading and investment atmosphere in the acetic acid market is weak, the supply side enterprises’ devices operate stably, the market supply is sufficient, and the downstream demand has not improved. In addition, the raw material side’s market is weak, the support is insufficient, and the acetic acid market is lack of good news. It is expected that the short-term acetic acid market will be sorted out, the price trend will be stable, and the specific market supply and demand will change.