According to the Commodity Market Analysis System of Shengyi Society, on November 26th, the average market price of acetic acid was 2536.67 yuan/ton, an increase of 13.34 yuan/ton or 0.53% compared to yesterday’s price of 2523.33 yuan/ton. The domestic acetic acid market is running strongly, supported by long-term orders from factories at the end of the month, and enterprise inventory is decreasing. There is a strong intention for businesses to rise, and some manufacturers are stopping for maintenance. The supply side is optimistic, and the price of acetic acid is rising strongly. From the perspective of demand, downstream fluctuations are not significant, and purchasing is mainly based on demand when entering the market. The market transaction atmosphere is still acceptable.

On the 26th, the raw material methanol market rose, with prices increasing from 2055 yuan/ton to 2079 yuan/ton, an increase of 1.17%. The downstream demand for methanol has increased, and the market spot trading atmosphere is good. There is not much pressure on enterprise inventory, and the methanol market is operating strongly.
In terms of future market forecast, analysts from Shengyi Society believe that the recovery of some facilities in the domestic acetic acid market has slowed down, market supply pressure has weakened, enterprise inventories have decreased, and there is a strong intention of industry players to raise prices. Downstream purchases are made according to demand, and supplier support is strong. It is expected that the acetic acid market will continue to operate strongly in the later stage, and attention will be paid to the market supply situation in the future.