According to the monitoring of bulk data of the Business News Agency, the price trend of acetic acid in February was weak and downward. The average price of acetic acid at the beginning of the month was 3245.00 yuan/ton, and the price at the end of the month was 3183.33 yuan/ton, with a decrease of 1.90% within the month, and the price was down 26.85% year-on-year.
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As of the end of the month, the market price of acetic acid in various regions in China in February was detailed as follows:
Region/ February 1/ February 15/ February 28th
South China/ 3175 yuan/ton/ 3150 yuan/ton/ 3050 yuan/ton
North China/ 3150 yuan/ton/ 3100 yuan/ton/ 3000 yuan/ton
Shandong region/ 3100 yuan/ton/ 3100 yuan/ton/ 3050 yuan/ton
Jiangsu Province/ 3050 yuan/ton/ 2950 yuan/ton/ 2950 yuan/ton
Zhejiang Province/ 3150 yuan/ton/ 3050 yuan/ton/ 3050 yuan/ton
At the beginning of February, the downstream replenishment demand was supported, the market trading atmosphere was good, the enterprise shipment was smooth, and the price of acetic acid rose slightly; In the middle of the year, the acetic acid market declined in a weak way. During this period, the utilization rate of acetic acid production capacity increased and the market supply was sufficient, but the downstream demand was weak. In order to stimulate the shipment, the acetic acid manufacturers reduced their prices one after another. Under the mood of buying up or not, the focus of acetic acid trading continued to move down; At the end of the month, the price of coal rose, the cost of acetic acid increased, and the enterprise adjusted the price, but due to the limited demand, the price of acetic acid only rose slightly. The price of acetic acid fluctuated in February.
The methanol market at the raw material end was weak and volatile. The average price of domestic market at the end of the month was 2743 yuan/ton, which was 1.32% lower than the price of 2780 yuan/ton on February 1. The inventory of enterprises is sufficient, the downstream demand is general, the market oversupply is obvious, and the price of methanol is adjusted in a weak way. Affected by the echo of the price of raw coal in the last ten days, the price of methanol rises, but the demand side has no positive support, and the price falls at the end of the month.
The downstream butyl acetate market was consolidated and operated in February, with a price of 7450 yuan/ton at the end of the month, up 1.36% from the price of 7350 yuan/ton at the beginning of the month. At the beginning of the month, the upstream acetic acid price rose, the cost support was good, and the price of butyl acetate rose; In the middle and late decades, cost support weakened, while downstream demand was weak, the market transaction atmosphere was not positive, and the price range of butyl acetate fluctuated.
In the future, the analysts of the Business Agency believe that the current acetic acid capacity utilization rate is high, the supply side supply is sufficient, the downstream follow-up is limited, the market negotiation atmosphere is poor, and the market is lack of positive support. It is expected that the short-term acetic acid market will stagnate and reorganize, and there will be follow-up changes under specific attention.
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