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[Price Information]：The price of acetic acid industry showed a W-type trend in the first half of the year. There may be new opportunities in the second half of the year.

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The overall of acetic acid industry prices in the first half of the year showed a W-shaped trend. The highest market price in the first half of the year was 6200 yuan/ton at the beginning of the year, and the lowest price was 3600 yuan/ton at the beginning of March. The maximum price difference in the first half of the year reached 2600 yuan/ton. The overall price fluctuated greatly. Half-year exports of about 530,000 tons hit a record high.

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from January to early March, the vinegar acid market in the industry as a whole to maintain a high level, downstream due to the Spring Festival holiday and the impact of the Winter Olympics under the low start, supply and demand mismatch background of the market in a sustained downward trend. In particular, the market fell nearly 2000 yuan/ton in one month in February, the largest monthly decline in the first half of the year. At the beginning of March, with the change of the international situation, the price of bulk energy rose sharply, which led to the rise of methanol on the raw material side. At that time, the price was close to the cost of some enterprises, and the industry was more stable. With the downstream sentiment improved and one after another into the market to build warehouse procurement, acetic acid market rebounded sharply.

in early March vinegar acid market continued to rise, as manufacturers inventory gradually moved down the channel, the price of a slight correction in the middle of the year, the second half of the year as the industry maintenance enterprises increased supply continued to decline, coupled with export pull, acetic acid prices once again into the upward channel, by the end of the month the price rose to more than 5300 yuan/ton. In early April, the overall stable operation, but the domestic epidemic intensified, some regional logistics constraints, demand side continued to be depressed, the market supply exceeds demand contradiction prominent, the price of acetic acid began to fall, at the end of April the market fell to 3900 yuan/ton or so, the first half of the second low price.

into the outbreak in May was basically effectively controlled, the market gradually recovered, and foreign sets of equipment unexpected stop the impact, acetic acid market continued to rise, the market gradually stabilized in the second half of the year, basically in the 5000-5300 yuan/ton range fluctuations, the overall volatility than the previous period to reduce, downstream also maintain the accompanying just need to purchase. In the first half of June, with the high inventory of the industry as a whole and the expected impact of mentality on the gradual increase in supply in the later period, some enterprises took the lead in cutting prices sharply when their products were close to the high inventory limit. The price of acetic acid dropped from about 5300 yuan/ton to about 4000 yuan/ton at the beginning of the month. It was not until the second half of June that channels entered the market one after another. The market as a whole stopped falling and rebounded. However, most of the profit margins in the downstream were meager and the start of work was at a, maintain just-needed procurement.

expects that the downstream terminal demand for acetic acid will gradually improve in the second half of the year, and a number of PTA units will be put into production in the second half of the year, and the market demand is expected to increase, or will break the current supply and demand stalemate. Focus on the second half of the industry start-up, exports, new downstream production.

Source: Hualu Hengsheng Marketing Information

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