According to the Commodity Market Analysis System of Shengyi Society, as of December 20th, the average price of acetic acid was 2980 yuan/ton, an increase of 70 yuan/ton or 2.41% compared to the price of 2910 yuan/ton on December 14th.

This week, the acetic acid market has been operating strongly, and enterprise quotations have continued to rise. On the supply side, the utilization rate of domestic production capacity has decreased, facilities in the southwest region have been shut down for maintenance, facilities in Guangxi have reduced their load, and there is a combination of positive news in the field. Holders of goods have seen a strong increase, and factory quotations have been continuously raised; On the downstream side, industry players follow up on demand when entering the market, and the market trading atmosphere is good. Under the guidance of suppliers, the price trend of acetic acid is strongly upward.

As of December 20th, the market prices of acetic acid in various regions are as follows:

Region/ December 14th/ December 20th/ Rise and fall

South China region/ 2775 yuan/ton/ 2800 yuan/ton/ 25

North China region/ 2825 yuan/ton/ 2880 yuan/ton/ 55

Shandong region/ 2830 yuan/ton/ 2880 yuan/ton/ 50

Jiangsu region/ 2610 yuan/ton/ 2675 yuan/ton/ 65

Zhejiang region/ 2710 yuan/ton/ 2800 yuan/ton/ 90

The upstream methanol market has risen strongly. From December 14th to 20th, the average domestic market price increased from 26000.00 yuan/ton to 2675.83 yuan/ton, with an overall increase of 2.92%. Changes in overseas facilities have reduced the utilization rate of methanol production capacity, increased expectations for domestic imports, and port methanol inventories are gradually entering the destocking channel. The bullish market sentiment is driving up the prices of methanol in the mainland market.

The downstream acetic anhydride market has seen a narrow upward adjustment. On December 20th, the average ex factory price of acetic anhydride was 4982.50 yuan/ton, an increase of 0.50% compared to the price of 4957.50 yuan/ton on December 14th. The upstream acetic acid market continues to rise, and the cost of acetic anhydride is favorable. However, downstream demand is limited, and market transactions are average. The supply and demand game in the market has led to a slight increase in acetic anhydride prices.

In terms of future market forecast, the acetic acid analyst from Shengyi Society believes that supply side manufacturers have no inventory pressure, sales pressure is not significant, and the mentality of holders of goods is strong; Downstream investors tend to adopt a wait-and-see attitude, with a focus on entering the market as needed. The trading atmosphere within the market is still favorable, and there is a supply-demand game. It is expected that the acetic acid market will operate steadily in the short term, and attention will be paid to downstream follow-up in the future.