According to the commodity market analysis system of Business Society, the price of acetic acid has recently risen. On March 13th, the average market price of acetic acid was 3100 yuan/ton, an increase of 50 yuan/ton compared to the price of 3050 yuan/ton on March 7th, an increase of 1.64%, and a decrease of 6.06% compared to the previous month.
| Gamma-PGA (gamma polyglutamic acid) |
Recently, the acetic acid market has been relatively strong and rising. Last weekend, the factory’s shipments were smooth, and the company’s inventory decreased. With the resumption of upstream and downstream operations, there was an increase in restocking in the market. The market trading atmosphere was good, and the quotation of acetic acid manufacturers was raised. However, downstream demand was limited, and the enthusiasm for on-site procurement slowed down, resulting in a stable operation of acetic acid prices.
As of March 13th, the market prices of acetic acid in various regions are as follows:
Region/ March 7th/ March 13th/ Rise and fall
South China region/ 2975 yuan/ton/ 3025 yuan/ton/ fifty
North China region/ 2975 yuan/ton/ 3050 yuan/ton/ seventy-five
Shandong region/ 3050 yuan/ton/ 3100 yuan/ton/ fifty
Jiangsu region/ 2925 yuan/ton/ 2975 yuan/ton/ fifty
Zhejiang region/ 3025 yuan/ton/ 3075 yuan/ton/ fifty
The upstream raw material methanol market first rose and then fell. On March 13th, the average price in the domestic market was 2701.67 yuan/ton, a decrease of 0.37% compared to the price of 2711.67 yuan/ton on March 7th. The maintenance and production reduction of methanol plants are significant, resulting in a decrease in capacity utilization and a favorable supply side. Methanol prices have increased, but downstream main factories have shut down, resulting in insufficient demand support and a decline in methanol prices due to the impact of demand.
The downstream acetic anhydride market continues to rise. On March 13th, the factory price of acetic anhydride was 5512.50 yuan/ton, an increase of 3.28% compared to the price of 5337.50 yuan/ton on March 7th. The price of acetic acid has rebounded, the cost of acetic anhydride has increased, the inventory of acetic anhydride manufacturers is low, and downstream demand is mainly in demand. Under the favorable cost situation, the price of acetic anhydride has risen accordingly.
In the future market forecast, the acetic acid analyst from Shengyishe believes that although there is an upward trend in the price of acetic acid, the overall market capacity utilization rate is high, and the on-site supply is sufficient. Downstream purchasing is mainly based on demand, with limited on-site trading. Under the supply-demand game, it is expected that the short-term acetic acid market will remain stable and wait-and-see, and attention will be paid to downstream follow-up in the future.
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