I. price trend
According to the monitoring of bulk data from the business agency, the domestic acetic acid market continued to decline this week, with a decline of 4.06% within the week. At present, the quotation in Henan is about 2850-3000 / ton; in Shandong, it is about 3050-3200 yuan / ton; in Hebei, it is about 3200-3250 yuan / ton; in Shaanxi, it is about 2750 yuan / ton; in Jiangsu, it is about 3050-3150 yuan / ton; in Zhejiang, it is about 3250-3350 yuan / ton. About 3300-3350 yuan / ton for delivery in South China.
| PVA 1799 (PVA BF17) |
II. Cause analysis
Product: this week, the domestic acetic acid market continued to decline, and the price of acetic acid continued to decline. Except for Tianjin Bohua and Jiangsu Thorpe, other acetic acid production enterprises were in normal production, with the overall operating rate maintained at about 90%, and the inventory of some enterprises gradually increased, and the stock pressure significantly increased. Therefore, the enterprises made more profits to ship out. Because the price of acetic acid decreased significantly, the production enterprises tended to Stable intention is obvious, but the downstream market is weak, and there is no obvious sign of recovery in the short term.
Industry chain: upstream, domestic methanol market fluctuated and adjusted in a week, with the market mainly on the sidelines, down 0.25% in a week. At present, about 2350 yuan / ton is not enough to support the price of acetic acid; domestic acetate and vinyl acetate and other industries are not satisfied with the terminal gas purchase, and the support is insufficient under the condition that the raw material acetic acid continues to be soft, and the soft operation is weak in a week; PTA Market vibrated and operated, and the downstream just needs to be flat. , the overall delivery intention is not high.
| PVA 1788 (PVA BP17) |
International: the North American acetic acid market was affected by the previous Celanese parking, the spot supply of acetic acid was tight, and it continued to rise in the week, with the current price of 620 US dollars / ton; the Asian acetic acid market was affected by the poor demand, and the price continued to fall in the week, with the current price of 390-440 US dollars / ton; the European acetic acid market supply declined, and the acetic acid price rose slightly in the week, with the current price of 665 euros / ton.
III. future forecast
According to the acetic acid analyst of the business agency, the domestic acetic acid price has fallen sharply in recent years, the stock pressure in the industry has gradually increased, the downstream demand has not recovered, and the export-side negotiations are flat, resulting in the continuous weakness of the acetic acid price due to multiple negative factors. It is expected that the domestic acetic acid market will continue to operate in a weak position in a short period of time.
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