The domestic acetic acid market is weak and downward, the utilization rate of acetic acid production capacity is increased in the week, the enterprise inventory is accumulated, and the market supply is sufficient, but the downstream demand is weak, the enthusiasm for entering the market is not good, the atmosphere for intra-field trading is weak, and the acetic acid manufacturers have lowered their prices in order to stimulate the shipment, and the focus of acetic acid trading moves downward under the mood of buying up or not buying down.

According to the monitoring of bulk data of the Business News Agency, as of February 17, the average price of acetic acid in East China was 3233.33 yuan/ton, down 1.87% from the price of 3295.00 yuan/ton on February 11, and up 8.68% month-on-month. As of February 17, the market price of acetic acid in various regions during the week was as follows:

Region February 11 February 17 Price rise and fall

South China/ 3175 yuan/ton/ 3150 yuan/ton/ -25

North China/ 3200 yuan/ton/ 3050 yuan/ton/ -150

Shandong region/ 3200 yuan/ton/ 3075 yuan/ton/ -125

Jiangsu Province/ 3000 yuan/ton/ 2900 yuan/ton/ -100

Zhejiang Province/ 3100 yuan/ton/ 3000 yuan/ton/ -100

The upstream raw material methanol market rose first and then fell. As of February 17, the average price in the domestic market was 271.00 yuan/ton, an overall increase of 0.77% compared with the price of 2689.29 yuan/ton on February 11. Downstream demand is weak, and intra-field delivery and investment are acceptable. Some manufacturers adjust their quotations according to the shipment situation, and the overall change is not large. The methanol market is sorted and operated in the week.

The downstream acetic anhydride market was down. As of February 17, the ex-factory price of acetic anhydride was 5287.50 yuan/ton, down 2.31% from the price of 5412.50 yuan/ton on February 11. The upstream acetic acid price fell, the cost of acetic anhydride fell, the downstream demand for acetic anhydride was insufficient, the market negotiation atmosphere was weak, and the acetic anhydride market continued to decline.

According to the aftermarket forecast, the acetic acid analyst of the Business Agency believes that the acetic acid supply is sufficient, the downstream delivery is not good, the market trading atmosphere is weak, the later maintenance device is restarted, the utilization rate of acetic acid production capacity may continue to increase, and the atmosphere in the market is bearish. It is expected that the acetic acid market will continue to be weak and sorted, and pay attention to the downstream follow-up.