According to the Commodity Market Analysis System of Shengyi Society, the price trend of acetic acid in August first fell and then rose. As of August 31, the price was 2420 yuan/ton, an overall increase of 20 yuan/ton compared to the beginning of the month’s acetic acid price of 2400 yuan/ton, an increase of 0.83%.

The price of acetic acid fluctuated in August. At the beginning of the month, the market trading atmosphere was weak, downstream demand follow-up was insufficient, and enterprise inventory accumulated, in order to promote the downward shift of acetic acid prices; In the medium term, the utilization rate of acetic acid production capacity has decreased, and shipments in some regions have improved. Inventory pressure has weakened, and enterprise quotations have been rising. However, due to the high market operating rate and different regional attitudes, domestic acetic acid prices have shown a mixed trend of ups and downs; At the end of the month, the inventory of enterprises generally decreased, and the mentality of operators was relatively strong. The price of acetic acid remained firm.
The methanol market on the raw material side is weak and declining. As of August 31st, the average price in the domestic market was 2241 yuan/ton, a decrease of 6.17% compared to the beginning of the month price of 2389 yuan/ton. In the first ten days, methanol prices fluctuated within a certain range, and Northwest olefin factories increased their external procurement volume. Coupled with the positive effects of some equipment still undergoing maintenance and low enterprise inventory, enterprises shipped at high prices, and the market transaction center was mainly high; In the second half of the year, domestic methanol facilities resumed, and the support of the mainland market was slightly insufficient. Downstream resistance to high prices led to a continuous decline in methanol prices.
Market forecast: Business analysts believe that the recent acetic acid market is expected to strengthen and consolidate, with supply side equipment maintenance and a positive attitude from industry players. Downstream market entry will mainly be based on demand; In the long run, the traditional peak season is approaching, and downstream demand is expected to improve. At the same time, there will be news of equipment maintenance released in September, which will add to the good news in the market. It is expected that the acetic acid market will be strong in the later period, and specific attention should be paid to downstream follow-up.