Last week, the domestic acetic acid market stopped falling and prices rose. The unexpected shutdown of Yankuang Lunan and Jiangsu Sopu units in China has led to a decrease in market supply. Later, the device gradually recovered and was still reducing the burden. The local supply of acetic acid is tight, and the price of acetic acid has increased. In addition, auction prices in the northwest region have increased, while quotations from manufacturers in other regions have also increased, resulting in a strong performance in the acetic acid market last week.

As of August 6th, the average price of acetic acid in East China was 3150.00 yuan/ton, an increase of 2.72% compared to 3066.67 yuan/ton on July 31st, and an increase of 8.00% month on month. As of August 4th, the market prices for acetic acid in various regions this week are as follows:

The upstream raw material methanol market fluctuates significantly. As of July 6th, the average price in the domestic market is 2350 yuan/ton. Compared to the price of 2280 yuan/ton on July 31st, the overall increase is 3.07%. The main impact of last week’s price increase was demand. A large MTO device downstream may have driving issues, and the demand is optimistic. In addition, macroeconomic benefits have also played a certain promoting role. At the same time, port inventory has significantly decreased, and the methanol market is gradually improving. In terms of cost, prices have fallen, support has weakened, demand is positive, and methanol prices have fluctuated and increased.

Integrated operation of downstream acetic anhydride market. As of August 6th, the factory price of acetic anhydride was 5100 yuan/ton, which is the same as 5100 yuan/ton on July 31st. The price of upstream acetic acid has increased, and the driving force for the increase in acetic anhydride has increased. However, downstream acetic anhydride construction is relatively low, demand follow-up is insufficient, market transactions are limited, and the price of acetic anhydride first rises and then falls.

Currently, in the process of gradually recovering parking equipment in the market, there is no pressure on market supply, and the demand side has followed up smoothly. Acetic acid manufacturers are optimistic about this and there is no pressure on factory inventory. Supported by positive news, it is expected that the acetic acid market will continue to operate strongly in the future.