According to the commodity market analysis system of Shengyishe, the price of acetic acid continued to rise this week. On April 21st, the average market price of acetic acid was 3450 yuan/ton, an increase of 100 yuan/ton compared to the price of 3350 yuan/ton on April 15th, an increase of 2.99% during the week, and an increase of 11.29% compared to the beginning of the month.

This week, the acetic acid market continued to be strong. The utilization rate of on-site production capacity has significantly decreased, the inventory of manufacturers has decreased, and the quotation of acetic acid is relatively strong and continues to rise. As downstream restocking continues, the demand for purchasing in the market has gradually returned to stability. The market trading atmosphere has weakened, and the price of acetic acid is operating steadily. The overall market situation on the site is on a high level and we are watching.

The upstream raw material methanol market is relatively strong and rising. On April 21st, the average price in the domestic market was 2713.33 yuan/ton, an overall increase of 2.55% compared to the price of 2645.83 yuan/ton on April 15th. The inventory of sample enterprises in mainland China is relatively low, and they are experiencing strong price increases. At the same time, the opening of futures prices is rising, providing strong support to the spot market. Coupled with favorable downstream market conditions, methanol prices are strong and rising.

The downstream acetic anhydride market is strong and stabilizing. On April 21st, the factory price of acetic anhydride was 5650 yuan/ton, an increase of 1.35% compared to the price of 5575 yuan/ton on April 15th. The upstream acetic acid market continues to be strong, with strong cost support for acetic anhydride. The supply of acetic anhydride market is sufficient, downstream production is stable, and on-site trading follows up as needed. Driven by costs, the acetic anhydride market continues to remain at a high level.

In the future market forecast, the acetic acid analyst from Business Society believes that there is no pressure on the inventory of acetic acid enterprises, and the market capacity utilization rate is at a medium to high level. The supplier support is good, and downstream follow-up is needed. The enthusiasm for entering the market has weakened, and the market trading atmosphere is still good. Considering the recovery of on-site equipment in the later stage, the market supply will increase. It is expected that the short-term acetic acid market will remain stable and operate on a wait-and-see basis. In the future, attention will be paid to downstream follow-up.