Since August, the domestic acetic acid market has shown a broad upward trend, with prices continuing to rise. The main reason is the tight domestic supply, which brings benefits to the supply, and the price of acetic acid continues to rise. At the beginning of the month, the Yankuang Lunan and Jiangsu Sopu plants unexpectedly malfunctioned and stopped short. Downstream follow-up was good, and the quotation of acetic acid manufacturers increased. Afterwards, Tianjin Soda Plant reduced its operating load and reduced its capacity utilization rate. At the same time, the factory had low inventory and mainly executed long-term contracts, resulting in a tight supply of goods in the market. Holders were hesitant to sell and rose significantly. In the later stage, as the bidding prices of the main factories in the northwest continued to rise, other regions also followed suit, As of now, the price of acetic acid has increased by over 500 yuan/ton within the month.

According to the Commodity Market Analysis System of the Business Society, on August 16th, the average price of acetic acid in East China was 3583.33 yuan/ton, an increase of 16.85% compared to the beginning price of 3066.67 yuan/ton.

The upstream raw material methanol market is weak and volatile. As of August 16th, the average price in the domestic market was 2331.67 yuan/ton, which is a 1.03% decrease compared to the price of 2355.83 yuan/ton on August 1st. Cost side coal prices have fallen, weakening support; Downstream, since August, the shutdown of acetic acid plants has affected the decline in operating rates, resulting in insufficient demand and weak supply and demand. Methanol prices have fluctuated and fallen.

The downstream acetic anhydride market continues to rise. As of August 16th, the factory price of acetic anhydride was 5400.00 yuan/ton, an increase of 5.37% compared to the price of 5125.00 yuan/ton on August 1st. The upstream acetic acid price has increased significantly, and the upward momentum of acetic anhydride has increased. The downstream demand for acetic anhydride is average, which to some extent limits the increase in acetic anhydride. Due to strong cost support, the price of acetic anhydride has increased.

In the future market forecast, acetic acid analysts from the Business Society believe that the domestic supply is currently tight, factory inventory is limited, and there is a strong intention of reluctant sales in the trade market. Coupled with the guidance of rising bidding prices in the northwest, and supported by positive supplier performance, it is expected that the acetic acid market may continue to rise in the future.