Price trend

According to the Commodity Market Analysis System of Shengyishe, as of May 15th, the average market price of methyl acetate was 4462 yuan/ton, which is the same as last week.

In terms of cost

Methanol: Domestic methanol prices have increased this week. On May 15th, the price of methanol was 2828 yuan/ton, and on May 8th, the price of methanol was 2654 yuan/ton, an increase of 6.5% from last week. Part of the methanol units on the supply side were repaired as scheduled, and some units unexpectedly shut down, resulting in overall tight supply. Traders have a strong sentiment of price support, mainly driving the upward movement of the mainland market.

Acetic acid: The domestic price of acetic acid has increased this week. On May 15th, the price of acetic acid was 3400 yuan/ton, and on May 8th, the price of acetic acid was 3300 yuan/ton, an increase of 3% from last week. At present, the operating rate of acetic acid enterprises has returned to a relatively high level, and the supply of goods from suppliers is sufficient. The demand for downstream PTA and EVA, as well as the export volume of acetate, have increased simultaneously. Under the resonance of supply and demand, the price of acetate has risen.

Future Market Forecast

Overall, upstream methanol and acetic acid continue to rise, but the performance of the methyl acetate market is poor. In terms of demand, terminal consumption is slow, downstream purchases are followed up on demand, and the demand side continues to be bearish. It is expected that the methyl acetate market will remain stagnant and consolidate in the short term.