The domestic acetic acid market is operating strongly, with prices rising broadly. Enterprise inventory remains low, downstream and traders are actively stocking up, the market trading atmosphere is improving, manufacturers’ shipments are smooth, and there is a strong intention to increase prices. Acetic acid prices continue to rise during the week, and the acetic acid market is strong at a high level.
| Bacillus thuringiensis |
According to the Commodity Market Analysis System of the Business Society, on September 17th, the average price of acetic acid in East China was 4800 yuan/ton, an increase of 5.49% compared to the price of 4550 yuan/ton on September 11th.
The upstream raw material methanol market has been fluctuating and sorted out. As of September 17, the average price in the domestic market was 2535 yuan/ton, an overall increase of 1.00% compared to the price of 2510 yuan/ton on September 11. The methanol futures market has retreated from a high level, and the sentiment in the spot market has weakened. Traders have been cautious in their operations, slowing down the speed of methanol pickup, increasing inventory of production enterprises, and manufacturers selling at inflated prices. The market is stagnant, and the domestic methanol market is operating in a volatile manner.
| Gamma-PGA (gamma polyglutamic acid) |
The downstream acetic anhydride market has shown a strong upward trend. As of September 17th, the factory price of acetic anhydride was 7402.50 yuan/ton, an increase of 4.33% compared to the price of 7095.00 yuan/ton on July 11th. The upstream acetic acid price continues to rise, the cost of acetic anhydride continues to increase, the operation of acetic anhydride equipment is low, some manufacturers’ equipment is shut down, the supply of acetic anhydride is tight, and the price of acetic anhydride is rising.
In the future market forecast, acetic acid analysts from Business Society believe that the inventory of domestic acetic acid factories is currently low, and downstream procurement is active. As the National Day holiday approaches, downstream inventory demand may continue to be positive, and it is expected that acetic acid will continue to operate at a high level in the future.
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