Tight supply, China’s domestic acetic acid market prices continue to rise

According to the monitoring of bulk data of business agency, affected by the relationship between supply and demand, the domestic acetic acid market continued to rise. As of October 21, the average price of acetic acid in East China was about 2606 yuan / ton, up 2.09% compared with the beginning of the month and 2.09% higher than the same period of last month. At present, there are 2550-2650 yuan / ton in Shandong, 2550-2650 yuan / ton in Jiangsu, 2700-2800 yuan / ton in Zhejiang, 2380-2400 yuan / ton in Henan, 2520-2570 yuan / ton in Hebei and 2050 yuan / ton in Northwest China.

 

At present, the domestic acetic acid market continued to rise slightly. The spot supply in the market is tight, the inventory of enterprises is low, and the domestic demand and export in the downstream market are both favorable supports. The supply and demand in the industry is tight balanced. With the price of acetic acid rising to a high level, some downstream and traders are gradually rational in purchasing, and the price of acetic acid is stable and firm.

 

In terms of upstream market, the methanol market was slightly higher due to the favorable factors such as overseas equipment maintenance and port continued to go to storage. At present, most traders ship at high prices. It is expected that the domestic methanol market will fluctuate at a high level in the short term, at present, it is about 1930 yuan / ton. On the downstream side, the terminal demand of acetic acid downstream markets such as vinyl acetate and acetate is improving. In addition, the support from the cost side is strong, and the price is rising. The favorable factors still exist in the short term, and it is expected that it will rise steadily.

 

Recently, the demand for acetic acid in the international market has improved, and the price of acetic acid in various regions has gradually risen. At present, the Asian acetic acid market is about 330-380 US dollars / ton; the European market is about 560 euro / ton; and the North American market is about 570 US dollars / ton.

 

The acetic acid analysts of the business club believe that the domestic acetic acid market supply side will not be greatly improved in a short period of time, and the market supply is limited. Although the overall inventory of the industry is low, the inventory of enterprises in other regions except East China still has a small accumulation, and the acetic acid market is stable and stable in a short period of time with limited growth.

PVA