According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid was weak on January 23, with a market average price of 2950 yuan/ton, a decrease of 50 yuan/ton from yesterday’s price, a decrease of 1.67%.

The domestic acetic acid market is operating differently, with some regions experiencing price reductions. There is no pressure on acetic acid inventory in regions such as Jiangsu and South China, and the market trading atmosphere is still acceptable. Acetic acid quotations are mainly stable; Shandong, North China and other regions have a poor mentality, downstream stocking is coming to an end, market procurement is limited, on-site trading is average, and acetic acid prices have been adjusted downward.

On January 23rd, the market prices of acetic acid in various regions are as follows:

Region/ On January 22nd/ On January 23rd/ Rise and fall

South China region/ 2875 yuan/ton/ 2875 yuan/ton/ 0

North China region/ 2850 yuan/ton/ 2835 yuan/ton/ -15

Shandong region/ 2880 yuan/ton/ 2860 yuan/ton/ -20

Jiangsu region/ 2775 yuan/ton/ 2775 yuan/ton/ 0

Zhejiang region/ 2925 yuan/ton/ 2925 yuan/ton/ 0

The upstream raw material methanol market is running weakly. On January 23rd, the average price in the domestic market was 2630.00 yuan/ton, a decrease of 0.50% compared to yesterday’s price of 2643.33 yuan/ton. The downstream pre holiday stocking is coming to an end, and market buying is average. At the same time, the decline in external prices has led to a weakening of the domestic market, and production enterprises are offering discounts for shipments. As a result, the domestic methanol market prices continue to decline.

On January 23rd, the downstream acetic anhydride market remained stable, with an average ex factory price of 5097.50 yuan/ton, unchanged from yesterday’s price. The upstream acetic acid market has partially declined, and the cost support for acetic anhydride is weak. Downstream market entry follows demand, and the market trading atmosphere is weak. The supply and demand in the market are relatively balanced, and the acetic anhydride market is running steadily.

Market forecast: Business Society’s acetic acid analyst believes that downstream purchases have been basically completed before the holiday, and the market trading atmosphere has weakened. Acetic acid shipments vary among different regions in China, and the focus is mainly on wait-and-see. It is expected that the acetic acid market will operate steadily, and downstream follow-up will be closely monitored in the future.