According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in May fluctuated within a range. As of May 31st, the price was 2700 yuan/ton, which was the same as the acetic acid price of 2700 yuan/ton at the beginning of the month, with a maximum amplitude of 3.03% during the month.

As of the end of the month, the market price details of acetic acid in various regions of China in May are as follows:
Region /On May 1st /May 15th /May 30th
South China region /2625 yuan/ton /2525 yuan/ton /2550 yuan/ton
North China region /2625 yuan/ton /2520 yuan/ton /2540 yuan/ton
Shandong region /2640 yuan/ton /2550 yuan/ton /2570 yuan/ton
Jiangsu region /2500 yuan/ton /2400 yuan/ton /2490 yuan/ton
Zhejiang region /2700 yuan/ton /2600 yuan/ton /2700 yuan/ton
In the first half of May, the price of acetic acid fell weakly, mainly due to the high utilization rate of on-site production capacity and sufficient supply of market goods. However, downstream stocking was not active, resulting in significant pressure on enterprise shipments and a continuous shift in the focus of acetic acid transactions; In the second half of the month, prices first rose and then fell. News of equipment maintenance in the early stage was released one after another, and the mentality of the industry was optimistic. Acetic acid prices rose, while enterprise shipments increased, inventory pressure weakened, and the market trend continued to rise. Due to the obvious intention of enterprises to rise, downstream sentiment towards high prices gradually increased, and the enthusiasm for entering the market weakened. At the end of the month, some areas did not sell their products, and prices fell.
The methanol market on the raw material side is weak and declining. As of May 31st, the average price in the domestic market was 2250 yuan/ton, a decrease of 7.79% compared to the beginning of the month price of 2440 yuan/ton. The domestic methanol supply is high, and there is an expectation of incremental growth in the import market. The lack of confidence in the spot market has suppressed prices. Although downstream external procurement and equipment start-up have provided some support to the market, overall demand is weak, and the domestic methanol market is under pressure and declining.
Market forecast: Business Society analysts believe that the current acetic acid market is mainly stable, with poor shipments from enterprises, weak mentality of industry players, low enthusiasm for downstream market entry, limited market trading, and an increase in capacity utilization in the future. On site supply will continue to exceed demand, and it is expected that the acetic acid market will operate weakly in June. Specific attention should be paid to downstream follow-up situations.