The domestic acetic acid market operates in a weak way. Although the utilization rate of acetic acid capacity in the market declines, the downstream demand is sluggish. The market trading atmosphere is general. In addition, the raw material market is weak, and the acetic acid market lacks effective support. In order to relieve the inventory pressure, acetic acid enterprises move down their transaction focus, market supply is weak, and the price of acetic acid continues to decline.

According to the monitoring of bulk data by the business community, as of December 9, the average price of acetic acid in East China was 3200.00 yuan/ton, down 3.98% compared with 3332.50 yuan/ton at the end of last week, and down 7.04% month on month. As of December 9, the market prices of acetic acid in various regions in the week were as follows:

Region./December 2./December 9./Price rise and fall

South China./3200 yuan/ton./3150 yuan/ton./- 50

North China./3100 yuan/ton./3050 yuan/ton./- 50

Shandong region./3175 yuan/ton./3100 yuan/ton./- 75

Jiangsu region./3050 yuan/ton./2950 yuan/ton./- 100

Zhejiang region./3150 yuan/ton./3050 yuan/ton./- 100

The upstream methanol market fell first and then rose. As of December 9, the average price in the domestic market was 2680.00 yuan/ton, an overall increase of 0.37% compared with 2670.00 yuan/ton on December 2. Affected by the wide fluctuation of crude oil, methanol prices continued to decline at the beginning of the week. Later, the price of methanol in the external market rose, boosting the domestic market. Methanol prices rebounded. However, on the whole, the supply side has sufficient supply of methanol, downstream demand is weak, and future market support is insufficient. It is expected that the methanol market will be adjusted and operated.

The downstream acetic anhydride market was weak. As of December 9, the ex factory price of acetic anhydride was 5566.67 yuan/ton, down 2.34% from 5700.00 yuan/ton on December 2. The upstream acetic acid is weak, and the cost support of acetic anhydride is insufficient. The downstream demand for acetic anhydride is weak, and the purchase is mainly just needed. The market trading atmosphere is light, and the price of acetic anhydride is reduced.

The downstream market of ethyl acetate was sorted up. As of December 9, the average ex factory price of ethyl acetate in East China was 6800.00 yuan/ton, up 0.74% from 6750.00 yuan/ton on December 2. The upstream price of acetic acid was lowered, and the support for ethyl acetate was weak. The downstream demand for ethyl acetate was good, and the market purchase was active. The enterprise’s shipment was smooth, and the price of ethyl acetate rose slightly.

According to the acetic acid analysts of the business community, the downstream demand for acetic acid is sluggish, and the on-site trading and investment is weak. In addition, the on-site maintenance enterprises are likely to resume production in the later period, so the utilization rate of acetic acid capacity will increase, the market supply is weak and the demand is weak, and there is a lack of good news. It is expected that the acetic acid market will be weak, and specific attention will be paid to the downstream follow-up.