Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 22, the average market price of methyl acetate was 4462 yuan/ton, which is unchanged from last week.

In terms of cost

Methanol: Domestic methanol prices have fluctuated upwards this week. On May 22nd, the price of methanol was 2900 yuan/ton, and on May 15th, the price of methanol was 2828 yuan/ton, an increase of 2.54% from last week. In mid month, the situation abroad was unstable, and the arrival volume of methanol at ports was affected. The inventory in ports and mainland China was relatively low, and downstream procurement was still in demand. The tight supply situation led to a significant increase in the early stage of the methanol market. The trading atmosphere in the spot market is light, and some holders have a bad mentality, offering discounts and lowering prices.

Acetic acid: Domestic acetic acid prices have fallen this week. On May 22nd, the price of acetic acid was 3250 yuan/ton, and on May 15th, the price of acetic acid was 3400 yuan/ton, a decrease of 4.41% from last week. The continuous decline in inventory of acetic acid enterprises in the early stage, coupled with factors such as factory equipment failures and load reduction, has pushed up the price of acetic acid. The overall trading atmosphere in the later stage of the market showed a slight decline, with limited follow-up efforts. The downstream purchasing atmosphere was not good, and the regional quotations were loose, resulting in a decrease in the price of acetic acid.

Future Market Forecast

Overall, the acetic acid market has fallen, and the overall performance of acetate esters is poor. A cautious sentiment lingers between factories and the industrial chain. The downstream off-season market follows on demand, and the overall procurement pace slows down. It is expected that the methyl acetate market will operate steadily in the short term.