Phenol ketone products

Plastic rubber

Current Location： Home > News > Industry Focus > Acetic acid market analysis: short-term weak finishing, focus on downstream follow-up

[Industry Focus]：Acetic acid market analysis: short-term weak finishing, focus on downstream follow-up

Read： 285 Time：2months ago Source：Business Club

Analysis on the Price Rise of Acetic Acid in 1.

recently, acetic Acid Market Price there is an obvious upward trend. As of July 21, the average market price reached 3350 yuan/ton, up 100 yuan/ton from 3250 yuan/ton on July 12, with an overall increase of 3.08 per cent. This upward trend is mainly attributed to the failure of the previous acetic acid plant, which led to a significant reduction in corporate inventory and tight market supply, which stimulated positive market expectations and promoted prices.

Details of price movements in 2. regional markets

from the regional market, there are differences in the price changes of acetic acid in various regions. Specifically, prices in South China remained stable, while prices in North China, Shandong, Jiangsu and Zhejiang all rose to varying degrees. Among them, Shandong has the largest increase, reaching 100 yuan/ton, and the market demand in this region is strong.

3. Upstream Feedstock Methanol Market Impact

it is worth noting that the rise in the price of acetic acid has not been strongly supported by the upstream raw material methanol. On the contrary, the average methanol market price declined during the same period, from 2560 yuan/ton on July 12 to 2500 yuan/ton on July 21, a decrease of 2.34. The weakness of the methanol market is mainly due to the increase in the maintenance of supply-side equipment and the decline in capacity utilization, but downstream demand is still weak, traders have sufficient inventory, and the market is not active, resulting in price pressure.

甲醇价格.jpg

4. downstream acetic anhydride market linkage effect

despite the poor performance of the upstream methanol market, the downstream acetic anhydride market showed a strong upward trend. On July 21, the average ex-factory price of acetic anhydride reached 5567.50 yuan/ton, up 2.16 percent from July 12. This increase was mainly due to the firm price of acetic acid upstream, which provided strong cost support for acetic anhydride. At the same time, the downstream market demand for acetic anhydride is stable and follows up on demand, further promoting the improvement of the market trading atmosphere and the upward price.

醋酸-醋酐价格.jpg

5. Market Forecast and Strategy Suggestions

at present, the main plant equipment in the field is operating normally, and the market supply will gradually increase. However, the downstream side due to the pre-hoarding more, the willingness to enter the market procurement is limited, the market supply and demand relationship tends to balance or even slightly surplus. In addition, some holders may adopt a price reduction strategy in order to accelerate shipments. Therefore, it is expected that in the short term, the acetic acid market will show a weak finishing trend.

Previous： Analysis of MMA Industry Chain Capacity, Demand and Competition Pattern

Next： Pingmei Shenma's annual output of 50000 tons/year adiponitrile project is expected to be tested by the end of December.

News Categories