The price trend of acetic acid continued to decline in June, with an average price of 3216.67 yuan/ton at the beginning of the month and 2883.33 yuan/ton at the end of the month. The price decreased by 10.36% during the month, a year-on-year decrease of 30.52%.

The price trend of acetic acid has continued to decline this month, and the market is weak. Although some domestic enterprises have undergone major repairs to acetic acid plants, resulting in a decrease in market supply, the downstream market is sluggish, with low capacity utilization, insufficient procurement of acetic acid, and low market trading volume. This has led to poor sales of enterprises, an increase in some inventory, a pessimistic market mentality, and a lack of positive factors, leading to a continuous downward shift in the focus of acetic acid trading.
As of the end of the month, the price details of acetic acid market in various regions of China in June are as follows:

Compared to the price of 2161.67 yuan/ton on June 1st, the raw material methanol market fluctuated significantly, with an average domestic market price of 2180.00 yuan/ton at the end of the month, an overall increase of 0.85%. The price of raw coal is weak and fluctuating, with limited cost support. The overall social inventory of methanol on the supply side is high, and market confidence is insufficient. Downstream demand is weak, and procurement follow-up is insufficient. Under the supply and demand game, the price range of methanol fluctuates.

The downstream acetic anhydride market continued to decline in June, with a month end quotation of 5000.00 yuan/ton, a 7.19% decrease from the beginning of the month to 5387.50 yuan/ton. The price of acetic acid raw materials has decreased, the cost support for acetic anhydride has weakened, acetic anhydride enterprises are operating normally, the market supply is sufficient, downstream demand is weak, and the market trading atmosphere is cold. In order to promote the reduction of shipping prices, the acetic anhydride market is operating weakly.

The commercial community believes that the inventory of acetic acid enterprises remains at a relatively low level, and manufacturers are mainly actively shipping, with poor demand side performance. Downstream production capacity utilization rates continue to be low, with poor purchasing enthusiasm. Downstream acetic acid support is weak, the market lacks effective benefits, and supply and demand are weak. It is expected that the acetic acid market will operate weakly in the market outlook, and changes in supplier equipment will receive special attention.