Tight balance between supply and demand, China’s domestic acetic acid market price

According to the monitoring of the bulk data of the business agency, affected by the relationship between supply and demand, the domestic acetic acid market has been running steadily recently. As of September 8, the average price of acetic acid in East China was about 2490 yuan / ton, a decrease of 4.18% compared with 2390 yuan / ton at the beginning of the month. At present, there are 2450-2550 yuan / ton in Shandong, 2450-2550 yuan / ton in Jiangsu, 2550-2650 yuan / ton in Zhejiang, 2350-2400 yuan / ton in Henan, 2450-2500 yuan / ton in Hebei and 2050 yuan / ton in Northwest China.

 

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Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.3000

Hualu Hengsheng 50.1600

Yangtze BP 50 1300

Jiangsu Sopu 120 3300

Celanese 1200 2000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 500

Henan Shunda 40.1400

Longyu, Henan 50.1300

Henan Yima 25 parking

Shaanxi Yanchang 30.1000

Shanghai Huayi 70.1800

Anhui Huayi 50 parking maintenance

Dalian Hengli 35.1100

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At present, the domestic acetic acid market started to decline slightly, and the overall inventory in the industry was low. In addition, it was in the traditional peak season of acetic acid market, and the downstream market and middlemen began to prepare goods before the festival. Therefore, the price of acetic acid continued to rise, and the enterprises pushed up with the trend. The atmosphere of speculation in the industry was strong.

 

In the upstream market, affected by the futures market and downstream demand, there are still favorable factors in the short term, and traders have a good bullish attitude, which is about 1725 yuan / ton at present. In the downstream, the downstream industries of acetic acid, such as vinyl acetate and acetate, are in a wait-and-see situation after rising. The cost support is good, and the purchasing demand in the downstream market is flat, which leads to the obvious warehouse pressure of some enterprises and insufficient support for the future market.

 

Recently, the international acetic acid market has been running steadily, among which, the price of acetic acid in Asia has risen slightly due to the decline of supply, and the current quotation is about 285-320 US dollars / ton; the supply and demand of European market is stable, and the price is stable, about 540 euro / ton; the North American market is driven by the rising price of raw material methanol, and the current price is about 450 US dollars / ton.

 

The acetic acid analysts of the business club believe that the current domestic acetic acid enterprise inventory is low, coupled with the strong market speculation mentality, the enterprise offer continues to rise, with the National Day holiday approaching, enterprise stock increases, it is expected that the acetic acid market will be strong in a short period of time.

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