Acetic acid manufacturers low-cost competition, substantial profit margins

2014 full year lucrative, especially in the first half, the profit up to 1,300 yuan / ton. In 2014, thanks to the downstream PTA, the expansion of vinyl acetate and sec-butyl acetate production capacity increased significantly, and the actual demand consumption increased by 13% over the previous year. Although the output in 2014 also increased, but the new production capacity is mainly released in the second half, especially in the second half, especially in the second quarter, the major domestic large-scale plant plans to focus on internal and external maintenance, in short supply to promote acetic acid prices quickly higher, 4-6 months prices rose as high as 36% The But the raw material methanol in 2014 is a shock down the process, which is acetic acid manufacturers an important reason for high profits. The following are the same as the ”

And the second half of 2015 to 2016 in October acetic acid business loss sales, mainly by the impact of supply and demand. In the second half of 2014, the new production capacity of 650,000 tons of equipment put into operation after the normal operation, so the output will continue to increase in 2015. But the macroeconomic environment downturn, environmental protection, security and other increasingly stringent, coupled with the impact of policy, the downstream of vinyl acetate, sec-butyl acetate and PTA and other production has declined, the market supply and demand contradiction, acetic acid manufacturers more low-cost competition, substantial profit margins.

Until October 2016, the downstream of vinyl acetate, PTA and acetate and other new devices put into operation, as well as the operating rate picked up, the consumption of raw materials increased. In addition, the rebound in crude oil prices, as well as the domestic production capacity is obvious, commodity prices generally, the downstream and the terminal to follow the bulk of goods in the late autumn and early winter operating rate rise, the overall demand has improved, supply and demand contradiction, support acetic acid factory profits rebound.

It should be noted that the raw material of methanol is the East China market price as a sample. In the country’s 15 acetic acid factory, the vast majority of factories are equipped with their own methanol plant, raw materials, 100% self-supply or a small amount of mining. Raw materials, methanol, synthetic gas from different backgrounds, the original raw materials and raw materials of the glacial acetic acid plant in the profitability is still more obvious difference. Producers who need to take methanol and gas supply after 2015 are basically “caught in the survival of the” state, especially in the third and fourth quarter, some companies choose to reduce the domestic device started, the deployment of other regions more cost competitiveness Of the supply to supplement China’s supply. And its own supporting methanol production enterprises, the overall profit is still considerable, which is the industry operating rate remained at 7.5-8 into a high level of an important reason.