Weak demand, China’s domestic acetic acid market continued to decline

I. price trend

 

According to the monitoring of bulk data from the business agency, the domestic acetic acid market continues to decline. At present, the quotation in Henan is about 2300-2350 yuan / ton; in Shandong is about 2400-2500 yuan / ton; in Hebei is about 2500 yuan / ton; in Shaanxi is about 2150 yuan / ton; in Jiangsu is about 2400-2500 yuan / ton; in Zhejiang is about 2600-2700 yuan / ton; in South China, the price is about 2300-2350 yuan / ton The quotation is about 2650-2700 yuan / ton.

 

II. Cause analysis

 

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Product: at present, the domestic acetic acid market continues to weaken, the situation of supply exceeding demand in the industry is increasingly prominent, and the inventory of enterprises is gradually increasing. Due to the factors such as how many orders the enterprises ship and considering the cost, the price of acetic acid is weak and declining, the mentality of the industry is soft, and the demand is insufficient.

 

Industry chain: in the upstream, methanol market surged and fell, and demand in some regions was weak, at present, about 2125 yuan / ton; domestic acetate, vinyl acetate and acetic anhydride industries were affected by double negative factors such as insufficient support for raw materials and weak demand in the downstream, which continued to weaken in the near future, and showed no signs of improvement in a short period of time; PTA spot market was affected by maintenance, and prices slightly improved, opening up in the industry The price of acetic acid was not well supported by the decline of labor.

 

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International: this week, the international acetic acid market is weak, including the North American acetic acid market at about 610 US dollars / ton; the Asian acetic acid market is affected by poor demand, at present, 295-360 US dollars / ton; the European acetic acid is affected by the low price acetic acid in Asia, and the current quotation is about 650 euros / ton.

 

III. future forecast

 

According to the acetic acid analyst of the business association, the domestic acetic acid market continues to weaken under the influence of poor demand, and the situation is intensified due to the high opening rate and inventory rise in the industry. Near the end of the year, some traders and downstream intend to copy the bottom and prepare goods, but the actual transaction is flat, the buying in the industry is cautious, and the acetic acid market is expected to operate in a weak position in a short period of time.

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