According to the Commodity Market Analysis System of Shengyi Society, as of March 24th, the average market price of acetic acid was 3443.33 yuan/ton, an increase of 350 yuan/ton or 11.31% compared to the price of 3093.33 yuan/ton on March 16th.

Recently (3.16-3.24), domestic acetic acid prices have continued to rise. In terms of supply, some acetic acid plants are not operating at full capacity, the overall market operating rate is not high, large factories are shipping smoothly, inventory is relatively low, and manufacturers have a strong upward trend; On the demand side, downstream products such as ethyl acetate, butyl acetate, and acetic anhydride have shown strong trends, providing strong support for the acetic acid market; At the same time, the high price of raw material methanol has increased the cost pressure of acetic acid. Under the influence of multiple factors, the price of acetic acid continues to rise, and the market situation is running strongly.
Recently, the raw material methanol market has been consolidating at a high level. As of March 24th, the average price in the domestic market was 3170 yuan/ton, an increase of 11.62% compared to the price of 2840 yuan/ton on March 16th. Affected by geopolitical factors, methanol imports have tightened, and the futures market has shown strong trends, driving up the spot market. Downstream demand for methanol has followed suit, and holders are optimistic. Methanol prices are running steadily, and there is significant pressure on the cost side of acetic acid.
The downstream acetic anhydride market continues to rise, with the average ex factory price of acetic anhydride increasing from 4832.50 yuan/ton to 5512.50 yuan/ton from March 16th to 24th, an increase of 14.07%. The production of acetic anhydride on the supply side is stable, while downstream purchases at high prices are average, and entry into the market is mainly based on demand. The price of acetic anhydride on the raw material side continues to rise, with strong cost support, driving the price of acetic anhydride to continue to rise.
Market forecast: Business Society’s acetic acid analyst believes that the positive factors in the domestic acetic acid market are relatively strong, and industry players are optimistic. The price trend is expected to continue to be strong, and while the high prices persist, downstream resistance may arise, causing fluctuations in demand. It is expected that the acetic acid market will stabilize and operate at a high level in the short term, and the market supply situation will be closely monitored in the future.