According to the Commodity Market Analysis System of Shengyi Society, as of May 30th, the average price of acetic acid was 2700 yuan/ton, unchanged from the price of 2700 yuan/ton on May 25th and unchanged from the beginning of the month.

This week, the acetic acid market has been fluctuating, with enterprise quotations rising first and then falling. On the supply side, some acetic acid plants are undergoing maintenance, resulting in a decrease in capacity utilization. The mentality of industry players is rising, and the price trend at the beginning of the week is strong and upward; In terms of demand, downstream sentiment is average, and they tend to seek low-priced purchases. The trading atmosphere in the market is gradually weakening, and some regions are experiencing sluggish shipments, resulting in a weak downward adjustment of acetic acid prices.
As of May 30th, the market prices of acetic acid in various regions are as follows:
Region /May 23rd /May 30th /Rise and fall
South China region /2550 yuan/ton /2550 yuan/ton 0
North China region /2565 yuan/ton /2540 yuan/ton / -25
Shandong region /2580 yuan/ton /2570 yuan/ton / -10
Jiangsu region /2460 yuan/ton /2490 yuan/ton / 30
Zhejiang region /2660 yuan/ton /2700 yuan/ton / 40
The upstream methanol market continues to be weak. From May 23rd to 30th, the average price in the domestic market decreased from 2300 yuan/ton to 2245 yuan/ton, with an overall decline of 2.39%. The strong supply of methanol in the market has suppressed prices, leading to insufficient confidence among industry players, average downstream demand, and weak overall support. The domestic methanol market continues to decline.
The downstream acetic anhydride market is operating weakly and steadily. On May 30th, the average ex factory price of acetic anhydride was 4442.50 yuan/ton, which is the same as the price of 4442.50 yuan/ton on May 23rd. The upstream acetic acid market is mainly volatile, with limited cost support for acetic anhydride. Downstream entry into the market follows suit as needed, and the market trading atmosphere is average. Acetic anhydride prices have remained stable throughout the cycle.
Market forecast: According to the acetic acid analyst from Shengyi Society, the utilization of acetic acid production capacity has decreased, and the supply pressure from suppliers has weakened. However, downstream demand performance is insufficient, and the enthusiasm for purchasing goods is not high. The market supply-demand game is expected, and the acetic acid market is expected to operate steadily in the short term. Specific attention should be paid to changes in equipment and downstream follow-up situations.