According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid in April first rose and then fell. As of April 29th, the price was 2700 yuan/ton, a decrease of 110 yuan/ton compared to the price of 2810 yuan/ton at the beginning of the month, a decrease of 3.91% during the month.
As of the end of the month, the market price details of acetic acid in various regions of China in April are as follows:
Region /On April 1st /On April 15th /April 29th
South China region /2800 yuan/ton /2750 yuan/ton /2650 yuan/ton
North China region /2710 yuan/ton /2765 yuan/ton /2640 yuan/ton
Shandong region /2750 yuan/ton .//2780 yuan/ton /2640 yuan/ton
Jiangsu region /2625 yuan/ton /2600 yuan/ton./2500 yuan/ton
Zhejiang region /2850 yuan/ton /2825 yuan/ton /2700 yuan/ton
In early April, the price of acetic acid slightly increased, mainly due to the maintenance of main factories in Shandong, which led to a decrease in the utilization rate of acetic acid production capacity and a bullish attitude among industry players. As a result, the acetic acid quotation was adjusted upwards; In the second half of the year, as the maintenance equipment increased its load and operation, the market supply increased, while downstream purchases were flat. The trading atmosphere in the market was relatively weak, and the mentality of industry players gradually became bearish. In some areas, the focus of transactions shifted downwards. Downstream demand remained weak before the holiday, and manufacturers faced significant sales pressure. Under the supply-demand game, the price of acetic acid fell weakly.
The methanol market on the raw material side is fluctuating and declining. As of April 29th, the average price in the domestic market was 2437.50 yuan/ton, a decrease of 5.52% compared to the beginning of the month price of 2580.00 yuan/ton. Under the influence of crude oil and policies within the month, the domestic methanol market experienced a significant decline. Subsequently, the port market continued to weaken, affecting the weak rise of the spot market. Downstream consumers remained cautious about high prices, resulting in insufficient favorable demand for methanol and overall weak fluctuations in the market.
Market forecast: Business Society analysts believe that the current bearish atmosphere in the acetic acid market is evident, with high utilization rates of supply capacity and sluggish shipments from enterprises. Downstream pre holiday stocking sentiment is average, market trading is limited, and there is a clear trend of oversupply in the market. It is expected that the acetic acid market group will continue to operate weakly, and specific attention will be paid to downstream follow-up situations.
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