According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid has remained stable recently, with an average market price of 2400 yuan/ton on the 25th, which is the same as the price of 2400 yuan/ton on August 18th. Domestic acetic acid prices remain stable with small fluctuations, and the market operates with differentiation. The utilization rate of production capacity on the supply side has slightly decreased, the inventory pressure of enterprises is not high, downstream replenishment is on demand, market trading is still acceptable, and the shipment market of enterprises is observing and organizing.

Recently, the upstream methanol market has been weak and volatile. As of the 25th, the average price in the domestic market was 2306.67 yuan/ton, a decrease of 0.52% compared to the price of 2318.67 yuan/ton on August 18th. Domestic methanol facilities have resumed production, with average demand for spot goods. The support of the mainland market is slightly insufficient, and downstream demand for high prices is not smooth. The market trading atmosphere is poor, and the focus of methanol transactions is weak and fluctuating.
The downstream acetic anhydride market is operating weakly and steadily, with an average ex factory price of 4082.50 yuan/ton from August 18th to 25th. The upstream acetic acid inventory remains high, and the market trading atmosphere is mixed, with limited support for acetic anhydride. Downstream purchases are mainly driven by rigid demand, and market transactions are flat. The supply and demand of acetic anhydride market are relatively balanced, and the price of acetic anhydride is stable and wait-and-see during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate will remain at a high level, the market supply will be sufficient, and sales in different regions of the market will vary. However, downstream demand will mainly follow up according to demand, and overall stocking demand will be limited. The market fundamentals supply is relatively high. It is expected that the acetic acid market will be observed and consolidated in the later stage, and downstream follow-up will be closely monitored in the future.