According to the Commodity Market Analysis System of Shengyi Society, the price of acetic acid remained stable on May 28th, with a market average price of 2720 yuan/ton, unchanged from yesterday’s price and an increase of 0.74% compared to the beginning of the month. The domestic acetic acid market is running steadily, and market prices in various regions remain unchanged. The acetic acid plant on the supply side is running smoothly, with low capacity utilization. Downstream market entry is mainly based on demand, and enterprise shipments are still acceptable. The market mentality is wait-and-see, and the price of acetic acid is stabilizing.

The price of upstream raw material methanol continues to decline. On May 28th, the average price in the domestic market was 2246.25 yuan/ton, a decrease of 0.33% compared to yesterday’s price of 2253.75 yuan/ton. The methanol market has sufficient supply, but the mentality of industry players is poor. At the same time, there is an expectation of incremental growth in the market, which suppresses prices. Downstream demand is limited, and the methanol market is weakly consolidating and operating.
Market forecast: According to the acetic acid analyst from Shengyi Society, domestic acetic acid companies have no inventory pressure and will maintain active shipment as the main trend. Downstream demand is limited, and on-site trading will follow up as needed. The market supply and demand game is expected, and the acetic acid market is expected to operate steadily and wait. The market will pay attention to downstream follow-up in the future.