According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid has increased this week. As of the 31st, the average market price of acetic acid was 2400 yuan/ton, an increase of 50 yuan/ton from the price of 2350 yuan/ton on July 28th, an increase of 2.13%. The domestic acetic acid market is operating differently, with prices rising in Shandong and market performance declining in South China. The production rate of acetic acid on the supply side is relatively high, and the market supply is sufficient. In terms of demand, downstream purchases are made according to demand, and shipments vary from region to region on site. Acetic acid companies adjust their quotations based on their own inventory situation, and the overall market consumption is limited. The acetic acid market is being observed and organized.

The upstream methanol market first rose and then fell. As of the 31st, the average price in the domestic market was 2393.33 yuan/ton, with little fluctuation compared to the price of 2392.50 yuan/ton on July 28th. At the end of the month, boosted by macroeconomic policies, the prices of methanol in ports and spot markets were relatively strong. However, due to weak downstream demand, the trading atmosphere in the market was poor, and on-site shipments were restricted, resulting in a further decline in the methanol market.
The downstream acetic anhydride market remains stable and watchful, with an average ex factory price of 4092.50 yuan/ton from July 28th to 31st. The upstream acetic acid market is relatively strong and stable, but the market purchasing atmosphere is average, with limited support for acetic anhydride. Downstream market entry is mainly based on demand, and market trading is steadily following. Acetic anhydride prices have remained stable throughout the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is high, the market inventory performance is sufficient, the enterprise’s shipping intention is obvious, downstream transactions are limited, and the enthusiasm for acetic acid procurement is not high. The supply situation on the market is greater than demand, and it is expected that the acetic acid market will consolidate weakly in the short term. We will pay attention to downstream follow-up in the future.