According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid continued to rise in December, with a price of 2750 yuan/ton as of December 30th, an increase of 200 yuan/ton compared to the price of 2550 yuan/ton at the beginning of the month, an increase of 7.84%.

The acetic acid market continued to rise strongly in December. Although some manufacturers have restarted their equipment within the month, unplanned equipment has reduced load, coupled with slow recovery of production in Jiangsu, the operating rate of acetic acid is still relatively low. At the same time, downstream demand purchasing has created a good market trading atmosphere, and enterprise inventory continues to decline. Manufacturers have a strong mentality of supporting prices, and under the leadership of suppliers, acetic acid prices continue to rise.
The raw material methanol market is experiencing strong fluctuations. As of December 30th, the average price in the domestic market was 2200 yuan/ton, an overall increase of 3.53% compared to the beginning of the month price of 2125 yuan/ton. The low inventory in the methanol port market provides support for prices. The operating rate in the mainland market remains high, with downstream purchases of essential needs being the main focus. The room for price increases is limited, and there is a game of supply and demand in the market. The methanol market continues to fluctuate and consolidate.
Market forecast: Business analysts believe that there are still maintenance plans in the supply side acetic acid market, and enterprise inventories may continue to decline. Downstream stocking operations before the Spring Festival are expected, and the market trading atmosphere is optimistic. There is strong support from the market, and it is expected that the acetic acid market will continue to rise next month. Specific attention should be paid to downstream follow-up situations.