Price trend

According to the Commodity Market Analysis System of Business Society, as of May 8th, the average market price of methyl acetate was 4462 yuan/ton, and on May 1st, the average market price of methyl acetate was 4387 yuan/ton, an increase of 1.71 yuan from last week.

In terms of cost

Methanol: Domestic methanol prices have slightly increased this week. On May 8th, the price of methanol was 2670 yuan/ton, and on May 1st, the price of methanol was 2651 yuan/ton, an increase of 0.69% compared to last week. In the first part of May, some large methanol maintenance still exists, and there is still a need for replenishment support after the holiday.

Acetic acid: The domestic price of acetic acid has increased this week. On May 8th, the price of acetic acid was 3300 yuan/ton, and on May 1st, the price of acetic acid was 3250 yuan/ton, an increase of 1.54% from last week. At present, the operating rate of acetic acid enterprises has returned to a relatively high level, and the supply of goods from suppliers is sufficient. Enterprises actively arrange inventory before the holiday, and the focus of market negotiations increases after the holiday.

Future Market Forecast

Overall, the rising prices of upstream acetic acid and methanol have led to increased cost benefits. Downstream procurement follows up on demand, with better shipments from enterprises and fluctuations in trading quotes from traders, resulting in overall narrow fluctuations in market prices. It is expected that the methyl acetate market will consolidate and rise in the short term.