According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in December fluctuated, with a price of 2970 yuan/ton as of December 31. Compared with the acetic acid price of 2950 yuan/ton at the beginning of the month, the price has increased by 20 yuan/ton, with a monthly increase of 0.68%.

As of the end of the month, the market price details of acetic acid in various regions of China in December are as follows:

Region/ December 2nd/ December 16th/ December 31st

South China region/ 2775 yuan/ton/ 2775 yuan/ton/ 2875 yuan/ton

North China region/ 2815 yuan/ton/ 2825 yuan/ton/ 2885 yuan/ton

Shandong region/ 2850 yuan/ton/ 2830 yuan/ton/ 2870 yuan/ton

Jiangsu region/ 2575 yuan/ton/ 2615 yuan/ton/ 2755 yuan/ton

Zhejiang region/ 2675 yuan/ton/ 2710 yuan/ton/ 2875 yuan/ton

In early December, the price of acetic acid fell mainly due to psychological factors. It was heard in the market that Hebei enterprises had expectations of new equipment being put into operation, and the mentality of the industry was bearish. Coupled with weak downstream demand, the transaction center of the acetic acid market shifted downwards. In the second half of the year, positive market news was released, with acetic acid prices rising strongly. Supply side facilities in the southwest region were shut down for maintenance, while facilities in Guangxi were reduced in load. The on-site positive news was compounded, and factory quotations continued to increase. At the end of the month, downstream market demand weakened slightly, and the trading atmosphere in some regions was not good. In order to promote the pricing of shipping enterprises, the prices were slightly lowered.

The methanol market on the raw material side has fluctuated and risen. As of December 31st, the average price in the domestic market was 2758 yuan/ton, an overall increase of 8.42% compared to the beginning of the month price of 2544 yuan/ton. The supply side has shown strong performance this month, with changes in equipment in the main regions of the Middle East and expectations of reduced methanol import volume. Port methanol inventory is gradually entering the channel of destocking, and the market is dominated by a bullish mentality. Traders have a strong willingness to hold goods, and port methanol prices continue to rise; The expected shutdown of the Southwest Gas Head Methanol Plant in the later stage, coupled with favorable market conditions, has led to a synchronous increase in domestic methanol prices.

Market forecast: Business Society analysts believe that the inventory of acetic acid enterprises is currently low, and the sales pressure of manufacturers is not significant. The mentality of rising prices is strong, and downstream enterprises have low inventory. Follow up may increase after entering the market, and the market trading atmosphere is optimistic. It is expected that the acetic acid market will be strong in the future, and specific attention will be paid to downstream replenishment situation.