The domestic acetic acid market is in a weak downward trend, with price trends continuing to decline, raw material prices rising, acetic acid profits decreasing, stable operation of on-site acetic acid enterprises, sufficient market supply, low downstream operating rate on the demand side, insufficient follow-up on market procurement, slow shipment of acetic acid, increased inventory of manufacturers, pessimistic mentality among operators, continuous downward movement of acetic acid prices, and weak market operation.
|ferric sulfate (Poly ferric sulphate)|
According to the commodity market analysis system of the business community, as of July 28, the average price of acetic acid in East China was 3100 yuan/ton, down 3.12% from the price of 3200 yuan/ton on July 22, up 7.51% from the beginning of the month. As of July 28th, the market prices of acetic acid in various regions during the week were as follows:
The upstream raw material methanol market continues to rise. As of July 28th, the average price in the domestic market was 2281.67 yuan/ton, an overall increase of 2.56% compared to the price of 2224.17 yuan/ton on July 22nd. The cost support is stable, with a narrow increase in downstream equipment operation, an increase in replenishment demand, a positive demand side, and an increase in methanol prices.
|Gamma-PGA (gamma polyglutamic acid)|
The downstream acetic anhydride market continues to decline. As of July 28th, the factory price of acetic anhydride was 5087.50 yuan/ton, a decrease of 1.93% compared to the price of 5187.50 yuan/ton on July 22nd. The price of upstream acetic acid has decreased, and the cost support for acetic anhydride is insufficient. Acetic anhydride enterprises have resumed operations, and the market supply is sufficient. Downstream demand has not followed up enough. Market trading is average, and the price of acetic anhydride has declined.
In the future market forecast, acetic acid analysts from Business Society believe that the operation of acetic acid plants is stable, the market supply is sufficient, the demand side operating rate is low, acetic acid manufacturers’ shipments are not smooth, and downstream support is not weak. Under the supply and demand game, it is expected that the acetic acid market will operate weakly in the future.