1. Mainstream Market Closing Price from the Previous Period
The market price of acetic acid showed a steady increase on the previous trading day. The operating rate of the acetic acid industry remains at a normal level, but with numerous maintenance plans scheduled recently, expectations of reduced supply have boosted market sentiment. Additionally, downstream operations have also resumed, and rigid demand is expected to continue growing, collectively supporting a steady upward shift in the market negotiation focus. Today, the negotiation atmosphere is positive, and overall transaction volume has increased.
2. Key Factors Influencing Current Market Price Changes
Supply:
The current operating rate remains at a normal level, but some acetic acid units have maintenance plans, leading to expectations of reduced supply.
（1）The second unit of Hebei Jiantao is operating at a low capacity.
（2）Guangxi Huayi and Jingzhou Hualu units are under maintenance.
（3）A few units are operating below full capacity but still at relatively high loads.
（4）Most other units are operating normally.
Demand:
Rigid demand is expected to continue recovering, and spot trading may increase.
Cost:
Acetic acid producers’ profits are moderate, and cost support remains acceptable.
3. Trend Forecast
With numerous acetic acid maintenance plans in place and expectations of reduced supply, downstream demand is recovering, and market sentiment is improving. The extent of transaction volume growth remains to be observed. It is expected that acetic acid market prices may remain steady or continue to rise today. In today’s market survey, 40% of industry participants anticipate a price increase, with a rise of 50 RMB/ton; 60% of industry participants expect prices to remain stable.
Post time: Feb-17-2025