According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid has continued to decline this week. On October 31st, the average price of acetic acid was 2850 yuan/ton, and on October 28th, it was 2950 yuan/ton. The price decreased by 100 yuan/ton during the week, a decrease of 3.39%.

This week, the acetic acid market continued to decline, and enterprise quotations continued to decline. On the supply side, there is little change in the acetic acid plant on site, and the market supply is sufficient. The enterprise inventory has accumulated, and the shipping sentiment is gradually increasing; On the downstream side, the enthusiasm for entering the market to acquire goods is not high, with a focus on a small amount of demand. Market trading is average, and companies continuously lower their quotations to promote shipments.

As of October 31st, the market prices of acetic acid in various regions are as follows:

Region/ On October 28th/ On October 31st/ Rise and fall

South China region/ 2825 yuan/ton/ 2775 yuan/ton/ -50

North China region/ 2875 yuan/ton/ 2725 yuan/ton/ -150

Shandong region/ 2850 yuan/ton/ 2775 yuan/ton/ -75

Jiangsu region/ 2700 yuan/ton/ 2650 yuan/ton/ -50

Zhejiang region/ 2800 yuan/ton/ 2750 yuan/ton/ -50

The upstream methanol market first fell and then rose. From October 28th to 31st, the average price in the domestic market decreased from 2490 yuan/ton to 2485 yuan/ton, with an overall decline of 0.20%. At the beginning of the week, downstream demand was poor, market buying momentum was weak, and coupled with the downward trend in the futures market, methanol spot prices fell synchronously; Afterwards, the buying of gas improved, boosting the methanol market. In addition, with the recent increase in shipping costs, methanol prices have rebounded and risen accordingly.

The downstream acetic anhydride market is operating weakly. On October 31st, the average ex factory price of acetic anhydride was 5115.00 yuan/ton, a decrease of 0.15% compared to the price of 5122.50 yuan/ton on October 28th. The upstream acetic acid market continues to decline, and the cost of acetic anhydride is bearish. Downstream market entry follows up as needed, and actual market transactions are limited. Industry players are adopting a wait-and-see attitude, and acetic anhydride prices are consolidating downward.

Market forecast: Business Society’s acetic acid analyst believes that the acetic acid plant is operating normally, the market supply is stable, and the company’s sales are under pressure; Downstream and trading demand is limited, the market trading atmosphere is average, and there is strong supply and weak demand in the market. It is expected that the short-term acetic acid market will continue to operate weakly, and attention will be paid to downstream follow-up in the future.