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[Industry Focus]：Methyl acetate market continues to decline, short-term domestic market or range fluctuation

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Since July, the domestic methyl acetate market has continued to decline. First, the cost support is insufficient. The overall operation rate of the original acetic acid is high, the supply is relatively sufficient, the terminal consumption is low, and the demand is limited. In order to stimulate transportation, the low price competition of acetic acid factories reduces the inventory. Methanol is affected by the sharp decline in futures, the market is also weak, and the raw material side performs poorly. Second, July is in the low season of traditional high temperature demand, some downstream and middlemen are restricted by storage conditions and purchase on demand. Under the influence of mentality, the overall trading atmosphere of the market is light. At the end of June, the mainstream trading of refined methyl acetate in the East China market was about 5200-5400 yuan/ton. At the end of July, the trading center dropped to about 4350-4400 yuan/ton, and the average price dropped by 17 yuan. 45%.

in early August, Shaanxi Xinghua plant restarted, supply is expected to increase, raw material acetic acid fell hard to stop, methyl acetate market continued to slump. At this point, some traders believe that the price has fallen to a relatively low level, and seize the opportunity to copy the bottom, set up warehouse stock. Anhui Wanwei mainly executes export orders. Under the influence of many aspects, the market circulation supply is relatively tight. Most manufacturers don't have much stock. Some holders are reluctant to sell the market. Driven by the tight supply, the market has a strong atmosphere of speculation and the focus of discussion is rising. As of Wednesday, due to insufficient market supply, the mainstream trading of methyl acetate in the East China market has rebounded to about 4700 yuan/ton.

market prospects. Although the holders have a strong mentality supported by tight supply, Jiangsu Ruifeng will restart normal transportation this weekend. Supply expectations will increase, market fluctuations, operators will wait for the market, demand is limited, and downstream delivery is cautious. At the same time, raw material acetic acid will continue to be promoted at low prices, with poor cost support and insufficient market momentum. It is expected that the domestic methyl acetate market or interval will fluctuate in the short term. Attention should be paid to the export orders and equipment operation of manufacturers.

Source: Zhongyu Information

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