According to the Commodity Market Analysis System of Shengyi Society, as of March 14th, the average price of acetic acid was 2880 yuan/ton, which was the same as the acetic acid price of 2880 yuan/ton on March 7th, and increased by 2.86% compared to the beginning of the month.

This week, the acetic acid market fluctuated and consolidated, with enterprise quotations rising first and then falling. On the supply side, the main factories in the northern region have delayed maintenance, leading to an increase in shipping sentiment among enterprises. Downstream market entry enthusiasm is not high, and there is resistance to high prices. On site trading is poor, and under the game of supply and demand, the price of acetic acid has been adjusted downward.

As of March 14th, the market prices of acetic acid in various regions are as follows:

Region/ On March 7th/ On March 14th/ rise and fall

South China region/ 2975 yuan/ton/ 2875 yuan/ton/ -100

North China region/ 2840 yuan/ton/ 2775 yuan/ton/ -65

Shandong region/ 2850 yuan/ton/ 2820 yuan/ton/ -30

Jiangsu region/ 2750 yuan/ton/ 2700 yuan/ton/ -50

Zhejiang region/ 2950 yuan/ton/ 2900 yuan/ton/ -50

The upstream methanol market is fluctuating. From March 7th to 14th, the average price in the domestic market decreased from 2669 yuan/ton to 2656 yuan/ton, with an overall decline of 0.47%. At the beginning of the week, some traders restocked and production companies limited their shipments, driving up the domestic methanol market. However, downstream consumers still have resistance to high prices, and their willingness to purchase is average, which suppresses the market and weakens the market negotiation atmosphere. Overall, prices are running weakly.

The downstream acetic anhydride market is weak and declining. On March 14th, the average ex factory price of acetic anhydride was 4920 yuan/ton, a decrease of 3.43% compared to the price of 5095 yuan/ton on March 7th. The upstream acetic acid market fluctuated, and the cost of acetic anhydride had limited positive effects. Enterprise quotations were lowered, and the demand side followed suit with weakness. Market transactions were poor, and acetic anhydride prices were weak during the week.

In terms of future predictions, the acetic acid analyst from Shengyi Society believes that the supply of acetic acid in the market is stable, with companies actively shipping and downstream entry based on demand. There is a game of supply and demand in the market. However, if the supply side plans to maintain the equipment on schedule, the utilization rate of production capacity in the market may decrease. It is expected that the acetic acid market will remain stagnant in the later stage, and specific attention will be paid to equipment changes and downstream follow-up situations.