| Process: Methanol Carbonylation | ||||
|---|---|---|---|---|
| for Chinese domestic market, excluding packing |
vs Last Date | vs Last Week | vs Last Month | |
|
CNY/MT EXW: 2,916 USD/MT EXW: 382.3 (Indicative equivalent) assuming a 13% export VAT rebate and USD/CNY=6.75, for reference only |
+2.5+0.33 |
+77.5+10.16 |
+122.5+16.06 |
|
| Main Raw Material | ||||
| Raw Material | for Chinese domestic market, excluding packing |
vs Last Date | vs Last Week | vs Last Month |
|
Methanol
CAS 67-56-1
|
CNY/MT EXW: 2,730 USD/MT EXW: 404.44 (Indicative equivalent) assuming a zero export VAT rebate and USD/CNY=6.75, for reference only |
-60-8.89 |
-445-65.93 |
-410-60.74 |
Price Trend Analysis
Stable to Firm / Limited DownsideDomestic glacial acetic acid prices are generally steady, with only Jiangsu edging up about 0.17%. Within the month, East China prices first tumbled roughly 4.55% month-on-month on collapsing costs, then rebounded as low enterprise inventories, contract rollovers and maintenance expectations took hold, resulting in a pattern of slow, small gains interrupted by sharp drops. Price moves are now driven more by supply-demand fundamentals and producer sentiment. Methanol costs have weakened after retreating from highs, but low plant stocks, expectations of supply contraction and a shorter-term downstream demand recovery are jointly supporting producers' push for higher prices. In the near term, the market is likely to stay largely steady to narrowly firmer. However, with costs still searching for a floor and supply outpacing demand, the price center risks shifting lower, and bottom support remains relatively fragile.
Switch line chart by currency.
Daily Price Update (EXW Price - CNY/MT)
Recent 30 working days price trend for Acetic Acid and its main raw material
Monthly Average Price Comparison (EXW Price - CNY/MT)
From 2021 - 2025
Quickly Anchor The Current Price in The Historical Price River (EXW Price - CNY/MT)
Current price position vs historical range
Quickly Anchor The Current Price in The Historical Price River (EXW Price per MT)
Jun 2026 AVG
CNY 2,816
USD 369.19
JUN 2021 - 2025 Avg
CNY 4,138
USD 542.51
JUN 2021 - 2025 Low
CNY 2,385
USD 312.68
JUN 2021 - 2025 High
CNY 8,050
USD 1,055.39
Market Insights
Price Trend of Raw Material
Methanol: On June 30, 2026, the average methanol market price was 2,942 CNY/tonne, down 97 CNY/tonne from the previous working day, a decrease of 3.72%. Recently, a methanol unit in Tianshan County, Inner Mongolia was temporarily shut down, and going forward there is 1.9 million tons of capacity on the northern line scheduled for maintenance, so supply in some areas is expected to tighten. However, producers in other regions still face sales pressure and may continue to cut prices to move product, and there are few signs that the methanol market will stop falling in the short term.
Supply
At present, most glacial acetic acid plants focus on contract and long-term contract deliveries, with spot transactions for small lots being generally moderate, and enterprise sales pressure varying but overall not significant. Recently, enterprise inventories have continued to edge up from the new low levels seen this year. As the long term contract cycle approaches its end, isolatable volume hold by traders are relatively tight, and maintenance at some units in Northeast China has been implemented, causing a slight contraction in local supply. With some regions readjusting cargoes in reverse to fill regional gaps, in the short to medium term, as new units are commissioned and some maintenance units resume operation, the supply side is expected to gradually loosen, exerting some downward pressure on prices.
Downstream & Demand
Overall downstream demand has seen some short-term recovery, with operating rates for PTA, vinyl acetate and acetate esters mostly increasing to varying degrees on a month-on-month basis, among which the rise in operating rates for ethyl acetate and butyl acetate is more pronounced, providing stage-wise support to glacial acetic acid. Terminal procurement is mainly focused on executing long-term contracts and replenishing rigid demand, while the willingness for spot buying is relatively weak. During certain periods, under the influence of sharp price fluctuations and weakening costs, downstream wait-and-see sentiment has intensified, and negotiations for new orders have been limited. Looking ahead, with the traditional off-season for acetate esters overlapping with concentrated maintenance expectations for vinyl acetate, overall downstream demand strength may decline, and the marginal support for glacial acetic acid is likely to weaken.
Dynamic Status of Devices
| Supplier Name | Supplier Capacity (10kt/a) | Plant Operations |
|---|---|---|
| Jiangsu Sopo | 140 | Units running at around eight to nine tenths of capacity |
| Celanese | 120 | Units running normally |
| Yangzi Petrochemical (NEG) | 50 | Units shut down |
| Shanghai Huayi | 60 | Units running at eight tenths load |
| Anhui Huayi | 50 | Units running normally |
| Zhejiang Petrochemical | 100 | Units running normally |
| Shandong Yankuang | 120 | Units running normally |
| Hualu Hengsheng | 60 | Units running normally |
| Hebei Jiantao | 140 | Phase 1 units running normally; Phase II increasing load |
| Tianjin Alkali Plant | 35 | Units running normally |
| Yanchang Petrochemical | 40 | Units running normally |
| Great Wall Energy & Chemical | 40 | Units running normally |
| Xinjiang Zhonghui Hesheng | 60 | Units shut down |
| Henan Shunda | 45 | Units running normally |
| Henan Yongsheng Longyu Coal Chemical | 55 | Units running normally |
| Hubei Jingzhou Huayu | 100 | Units running normally |
| Hubei Qianxin | 60 | Units running normally |
| Dalian Hengli | 85 | Units running normally |
| Yangzhou Acetyl | 50 | Units running normally |
| Guangxi Huayi | 120 | Units running normally |
Notice
- The CNY price is the bulk EXW price, not including packaging and shipping costs.
- The USD price is converted from the CNY EXW price assuming a currently applicable export VAT rebate and USD/CNY=6.75, for reference only.
- Price and Report published before 20:30 Beijing Time on business days, for reference only.
This report is for reference only, and its use is subject to the terms of use on the Walsun Chem website (https://www.walsunchem.com/terms).
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