Price Trend
According to the monitoring data of business associations, the domestic acetic acid market is running steadily at present, and the price of acetic acid varies greatly from region to region. The price quoted in Henan is about 3350/ton; in Shandong is about 3500-3600 yuan/ton; in Hebei is about 3550 yuan/ton; in Shaanxi is about 3200 yuan/ton; and in Jiangsu is about 3450-3550 yuan/ton. About RMB/ton; Zhejiang region offers about 3600-3700 RMB/ton; South China region delivers about RMB 3650-3750 RMB/ton.
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II. Cause Analysis
Products: After the continuous sharp rise, the domestic acetic acid market is running steadily. The overall start-up rate of the industry is still low. The overall start-up rate is around 75%. There is a tight spot supply, and the enterprises have few stocks. Enterprises in North China have completed overhaul and are recovering one after another: Shaanxi extended 300,000 tons/year plant has resumed production, Hebei Jiantao 500,000 tons/year plant is resuming normal production, Tianjin Bohua Yongli 350,000 tons/year plant is returning to normal, Henan Long500,000 tons/year plant is still under overhaul, the supply situation in the field is gradually improving; The acetic acid Market in the eastern region has gradually stabilized, the market supply is tight, and the downstream market has strong resistance to the high-priced acetic acid in the region. At present, the industry pays more attention to the news of 1.2 million tons/year plant in Soap, Jiangsu Province, while the 500,000 tons/year plant in Huayi, Anhui Province is still under repair; the market in South China is strong, the market is tight, the downstream market just needs to be flat, and buy more. Be cautious.
Industry chain: In the upstream, the domestic methanol market has recently been shaken and adjusted, the demand side has been weak, and there is no favorable support in the short term. The average price is about 2024 yuan/ton, which is 32.45% lower than that of the same period last year. The domestic acetate and vinyl acetate industries are affected by the strong price of raw materials acetic acid, and continue to rise in the near future, but the downstream terminal needs. In general, there is a slight resistance to high prices; the domestic PTA market is vulnerable to shocks, with the overall start-up of about 95%, which is good for acetic acid price support, but the downstream polyester market holds a wait-and-see attitude, and is expected to maintain shocks in the short term.
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International: This week, the acetic acid Market in North America has been running steadily, and downstream industries are mostly holding a wait-and-see attitude. At present, the price of acetic acid in Asia keeps rising, the supply of acetic acid in China is tight, and most Asian users are strongly opposed to the high price of acetic acid. At present, the demand for acetic acid in Europe has rebounded slightly, but as a whole. It’s still flat. The current quotation is around 650 euros/ton.
3. Future Market Forecast
Acetic acid analysts of business associations believe that the acetic acid Market in eastern China is stabilizing gradually and the downstream is just in need of leveling off. At present, the industry pays more attention to the news of 1.2 million tons/year plant in Thorpe, Jiangsu Province. Overhaul enterprises in North China have resumed production and supply-side tension has eased to a certain extent. Acetic acid enterprises in Northwest China have begun to bear pressure due to poor shipment. Down. It is expected that the domestic acetic acid price will remain high and firm in a short period of time, and the northwest region will be weak. The future market needs to pay attention to the start-up of enterprise production.
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