According to the Commodity Market Analysis System of Shengyi Society, as of October 22, the average market price of acetic acid was 2600 yuan/ton, a decrease of 40 yuan/ton or 1.52% compared to the price of 2640 yuan/ton on October 11. In the middle of the month, the domestic acetic acid market showed a weak downward trend. Although some equipment on the supply side underwent maintenance, the utilization rate of acetic acid production capacity decreased slightly. However, downstream demand was average, and the main focus was on purchasing essential goods upon entering the market. The market trading atmosphere was poor, and inventory accumulation among enterprises led to a bearish attitude among industry players. In order to maintain the pace of shipments, acetic acid prices continued to decline.

The raw material methanol market has been fluctuating this week. As of the 22nd, the average price in the domestic market was 2236 yuan/ton, a decrease of 0.27% compared to the price of 2242 yuan/ton on October 11th. The average price of methanol in the port market has strengthened, with a focus on actively reducing inventory. The downstream procurement atmosphere is not high, coupled with the accumulation of inventory by mainland enterprises, the suppression of the spot market continues, and the overall performance of the methanol market is weak.
The downstream acetic anhydride market is operating weakly, with the average ex factory price of acetic anhydride dropping from 4212.50 yuan/ton to 4177.50 yuan/ton from October 11th to 22nd, a decrease of 0.83%. The upstream acetic acid market is weak and declining, and the atmosphere in the acetic anhydride market is bearish. The downstream purchasing enthusiasm is not high, and follow-up is mainly based on demand. The market trading atmosphere is weak, and the price of acetic anhydride is consolidating downward during the cycle.
Market forecast: Business Society’s acetic acid analyst believes that the domestic acetic acid production capacity utilization rate is high, downstream demand follow-up is limited, enterprise inventory is rising, market trading atmosphere is weak, and on-site demand is poor. It is expected that the acetic acid market will be weak and consolidated in the later stage, and the market supply situation will be closely monitored in the future.