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[Industry Focus]：Market supply decreases acetic acid market stops falling and turns up

Read： 455 Time：16months ago Source：生意社

Last week, the domestic acetic acid market stopped falling and prices rose. Domestic Yanzhou Mining Lunan and Jiangsu Thorpe devices accidentally stopped, the market supply decreased. Later, the device gradually recovered, still reducing the burden. Local acetic acid supply is tight, acetic acid prices rise. In addition, the auction price in the northwest region rose, and the price of other regional manufacturers rose in tandem, and the acetic acid market operated strongly last week.

As of August 6, the average price of acetic acid in East China was 3150.00 yuan/ton, up 2.72 percent from 3066.67 yuan/ton on July 31 and 8.00 percent month on month. As of August 4, the market prices of acetic acid in various regions this week are as follows:

upstream raw material methanol market volatility. As of July 6, the average price in the domestic market was 2350 yuan/ton. Compared with the price of 2280 yuan/ton on July 31, the overall increase was 3.07. The main impact of last week's price increase was demand. Downstream a large MTO device may be driving, demand is optimistic. In addition, the macro positive also played a certain role in promoting. At the same time, the port inventory decreased significantly, and the methanol market gradually improved. On the cost side, prices fell, support weakened, demand was positive, and methanol price volatility rose.

Downstream acetic anhydride market integration operation. As of August 6, the ex-factory price of acetic anhydride was 5100 yuan/ton, the same as 5100 yuan/ton on July 31. Upstream acetic acid prices rise, the power of acetic anhydride increases. However, the downstream construction of acetic anhydride is low, the demand follow-up is insufficient, the market trading is limited, the price of acetic anhydride first rises and then falls.

At present, in the process of gradual recovery of parking equipment in the market, there is no pressure on the market supply, and the demand side is smoothly followed up. Acetic acid manufacturers optimistic, no pressure on plant inventories. Supported by the positive news, the acetic acid market is expected to continue its strong run in the latter part of the year.