The price trend of acetic acid rose sharply in January. The average price of acetic acid at the beginning of the month was 2950 yuan/ton, and the price at the end of the month was 3245 yuan/ton, with an increase of 10.00% within the month, and the price decreased by 45.00% year-on-year.
As of the end of the month, the details of acetic acid market prices in various regions in China in January are as follows:
After the New Year’s Day, due to the weak demand in the downstream, some acetic acid enterprises dropped their prices and discharged their stocks, stimulating the purchase in the downstream; On the eve of the Spring Festival holiday in the middle and early part of the year, Shandong and North China actively prepared goods, the manufacturers shipped goods smoothly, and the price of acetic acid rose; With the return of the Spring Festival holiday, the enthusiasm of the downstream to take goods increased, the atmosphere of the on-site negotiation was good, the traders were optimistic, the focus of the market negotiation moved up, and the price of acetic acid rose. The overall price of acetic acid rose strongly in January
The methanol market at the end of acetic acid feedstock was operating in a volatile manner. At the end of the month, the average price of domestic market was 2760.00 yuan/ton, up 2.29% compared with the price of 2698.33 yuan/ton on January 1. In the first half of the month, the inventory in East China was high, and most of the downstream enterprises just needed to purchase. The market supply exceeded demand, and the price of methanol oscillated downward; In the second half of the month, the consumption demand increased and the methanol market rose. However, the price of methanol rose first and then fell because of the price increase too fast and the downstream acceptance weakened. The overall methanol market in the month was deceptively strong.
The market of butyl acetate downstream of acetic acid fluctuated in January, with the price of 7350.00 yuan/ton at the end of the month, up 0.34% from the price of 7325.00 yuan/ton at the beginning of the month. In the first half of the month, butyl acetate was affected by demand, the downstream stock was poor, and the manufacturers rose weakly. When the Spring Festival holiday came back, the manufacturers fell in price and inventory. At the end of the month, the upstream price rose, boosting the butyl acetate market, and the price of butyl acetate rose to the level at the beginning of the month.
In the future, some acetic acid enterprises at the supply end have been overhauled, and the supply of market supplies has decreased, and the acetic acid manufacturers may have an upward trend. The downstream side takes goods actively after the festival, and the market negotiation atmosphere is good. It is expected that the short-term acetic acid market will be sorted out, and the price may rise slightly. There will be follow-up changes under specific attention.