Business News on August 30
The domestic acetic acid market is operating strongly, with prices remaining high and firm. Enterprise inventories remained low during the week, and the mentality of the industry was optimistic. Jiangsu Thorpe's equipment was still unstable at the beginning of the week, and the market supply was tight. There was strong bullishness on the market. The focus of acetic acid trading was raised. In the later period, downstream follow-up on demand, market trading turned The market is light and the acetic acid market is mainly stable.
According to the commodity market analysis system of SunSirs, on August 29, the average price of acetic acid in East China was 3,983.33 yuan/ton, an increase of 3.46% compared with the price of 3,850.00 yuan/ton on August 21. As of August 29, the market prices of acetic acid in various regions during the month are as follows:
| area | August 21 | August 29th | ups and downs |
| South China | 3950 yuan/ton | 3900 yuan/ton | -50 |
| North China | 3725 yuan/ton | 3750 yuan/ton | 25 |
| Shandong region | 3725 yuan/ton | 3775 yuan/ton | 50 |
| Jiangsu region | 3825 yuan/ton | 3875 yuan/ton | 50 |
| Zhejiang region | 3925 yuan/ton | 3975 yuan/ton | 50 |
The upstream raw material methanol market is operating in a volatile manner. As of August 29, the average price in the domestic market was 2,451.67 yuan/ton, which was an overall increase of 0.14% compared with the price of 2,448.33 yuan/ton on August 21. Coal prices at the cost end have fallen, and support has weakened; on the downstream side, early demand has driven the methanol market, and the methanol market has continued to improve. Order volume has increased significantly, and the market atmosphere has been relatively high. However, in the later period, the downstream market has been flat, demand has weakened, and methanol market prices have declined.
The downstream acetic anhydride market is on the strong upward trend. As of August 29, the ex-factory price of acetic anhydride was 5,782.50 yuan/ton, an increase of 1.76% compared with the price of 5,682.50 yuan/ton on August 21. The upstream price of acetic acid is strong, and the support for acetic anhydride is good. The downstream acetic anhydride is following up on demand, and the price of acetic anhydride manufacturers is rising based on their own shipments.
Forecasting the market outlook, acetic acid analysts from SunSirs believe that the current inventory of domestic acetic acid factories is low, and the follow-up of downstream market entry has become sluggish. Purchasing is mainly based on demand. The market production and sales are relatively balanced. Under the supply and demand game, acetic acid is expected to consolidate in the later period.
