I. price trend
According to the bulk data monitoring of the business agency, the domestic acetic acid market has been stable recently. As of November 12, the quotation in Henan is about 2600 / T, in Shandong is about 2700-2850 yuan / T, in Hebei is about 2750-2800 yuan / T, in Shaanxi is about 2250 yuan / T, in Jiangsu is about 2750-2850 yuan / T, in Zhejiang is about 2950-3000 yuan / T, and in Huahua is about 2600-2800 yuan / T The price of delivery in South China is about 3000-3100 yuan / ton.
II. Cause analysis
| PVA 1799 (PVA BF17) |
Product: the domestic acetic acid market gradually entered a stable period after continuous decline. Due to the low price of acetic acid for a long time before, the lower market and traders’ bottom reading and replenishment were good, and the inventory of the enterprise decreased, so the quotation of the enterprise gradually stabilized. At present, the industry has a strong wait-and-see mood, and the buying is more cautious.
Industrial chain: the methanol market is in a downward shock, and the downstream receiving is relatively limited. Some manufacturers sell at a profit. At present, the price is about 2146 yuan / ton; domestic acetate, vinyl acetate and acetic anhydride industries are gradually stable, but the industry’s trading is limited, and the downstream demand continues to be soft; the orders in the downstream terminal market of PTA market have not improved significantly, and the overall trading is still flat.
International: the North American acetic acid market has been in stable operation in the near future, at present, it is about 620 US dollars / ton; the Asian acetic acid market continues to weaken, at present, it is 335-395 US dollars / ton; the European acetic acid price is high and firm, and the current quotation is about 675 euros / ton.
| PVA 1788 (PVA BP17) |
III. future forecast
According to the acetic acid analyst of the business association, due to the continuous low price shipment in the early stage, the profit space of domestic acetic acid enterprises has been compressed. Although the overall inventory of the domestic acetic acid market has declined recently and Nanjing Yangzi maintenance Co., Ltd., the operating rate is still at a high level. In addition, the demand end of the downstream market has no obvious signs of improvement, and it is expected that the domestic acetic acid market will continue to operate stably in a short period of time.
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