The domestic acetic acid market is weak, the utilization rate of acetic acid production capacity in the field is high, the enterprise inventory is sufficient, the downstream construction is low, the demand is limited, some enterprises fall in price and stock, the market transaction center moves down, the upstream price is firm in the later stage, the enterprise cost is serious, the acetic acid price is stable, and the market situation is wait-and-see operation.

According to the monitoring of bulk data of Business News Agency, as of January 10, the average price of acetic acid in East China was 2912.50 yuan/ton, down 1.27% from the price of 2950.00 yuan/ton at the beginning of the month, and down 8.98% month-on-month. As of January 10, the market price of acetic acid in various regions during the week was as follows:

Region/ January 3/ January 10/ Price rise and fall

South China/ 3075 yuan/ton/ 3075 yuan/ton/ 0

North China/ 2850 yuan/ton/ 2850 yuan/ton/ 0

Shandong region/ 2900 yuan/ton/ 2850 yuan/ton/ -50

Jiangsu Province/ 2900 yuan/ton/ 2875 yuan/ton/ -25

Zhejiang Province/ 3000 yuan/ton/ 2975 yuan/ton/ -25

The upstream raw material methanol market fluctuated and fell. As of January 10, the average price in the domestic market was 2660 yuan/ton, down 1.42% compared with 2698.33 yuan/ton at the beginning of the month. The coal price in the cost side is stable and weak, and the methanol cost benefit disappears. The decline of crude oil and futures in the external side drives the simultaneous correction of methanol. The mainland returns to rationality, the buying of gas is weak, and the methanol market is weak.

The downstream acetic anhydride market is in a weak position. As of January 10, the factory price of acetic anhydride was 5250.00 yuan/ton, down 3.00% from the price of 5412.50 yuan/ton at the beginning of the month. The upstream acetic acid price is weak, the cost support of acetic anhydride is insufficient, the downstream demand is limited, the market trading atmosphere is general, and the price of acetic anhydride continues to decline.

The market of ethyl acetate in the downstream market was significantly reduced. As of January 10, the average ex-factory price of ethyl acetate in East China was 6900.00 yuan/ton, down 4.61% from 7233.33 yuan/ton at the beginning of the month. In terms of raw materials, the price of acetic acid was weak and down, and the cost was negative. The enthusiasm of downstream stock at the demand end was weakened, the market follow-up was weak, and the price of ethyl acetate was lower under the weak supply and demand.

According to the aftermarket forecast, the acetic acid analyst of the Business Agency believes that the operating rate of the acetic acid plant is on the high side, the supply of goods is sufficient, the demand of the downstream side is low, the on-site traffic is limited, and the market supply exceeds the demand continues to exist. However, due to the high price of acetic acid raw material methanol, the cost of the enterprise is upside down, and the short-term acetic acid price decline space is limited. It is expected that the acetic acid market will remain stable for the time being, and pay attention to the follow-up situation of the downstream.