Domestic acetic acid starts at a low level and the market supply is tight. The acetic acid operating rate has not improved after the Mid Autumn Festival, and the market supply continues to be tight. In addition, domestic traders intend to stir up, which promotes the continuous upward trend of acetic acid market.
According to the bulk data monitoring of business society, the average price of acetic acid was 8983.33 yuan / ton on September 26. Compared with the price of 7250.00 yuan / ton at the beginning of the week, it increased by more than 1700 yuan / ton during the week, an increase of 23.91% and 48.24% month on month. As of September 26, the market price of acetic acid in various regions in China rose and fell as follows:
region September 20th September 26th Price rise and fall
South China 7200-7300 yuan / ton 8700-9000 yuan / ton 1500/1700
North China 7200-7400 yuan / ton 9000-9100 yuan / ton 1800/1700
Shandong region 7100-7350 yuan / ton 8900-9300 yuan / ton 1800/1950
Jiangsu region 7600-7950 yuan / ton 8900-9100 yuan / ton 1300/1150
Zhejiang region 7650-8000 yuan / ton 9000-9100 yuan / ton 1350/1100
After the Mid Autumn Festival, there was no improvement in the start-up of domestic acetic acid plants. The acetic acid plants of manufacturers in North China and Northwest China were shut down for maintenance, the production of limited films in Shandong and Jiangsu was reduced, and the acetic acid plants of many factories in the field were shut down for maintenance or limited production. The enterprise inventory was tight, the supply of goods in the market continued to be tight, and the traders’ attitude was very strong, which promoted the market atmosphere. South China was mainly active in following up, The quotation of domestic acetic acid enterprises is high and upward.
Downstream, the market of ethyl acetate continued to rise during the week. As of September 26, the price of ethyl acetate in East China rose to 10850.00 yuan / ton, with an increase of 11.00% during the week. Yankuang and Jiangyin Baichuan at the supply end are still under maintenance, the supply of main factories is reduced, the market supply is reduced, and the impact of raw material acetic acid market further drives up the price of ethyl acetate, The manufacturer’s quotation has increased one after another, and the centralized shutdown of large factories still leads to a shortage of supply. It is expected that there is still upward space in the market in the near future.
According to the acetic acid analysts of business society, in terms of supply in the domestic market, the supply of acetic acid market is tight, the price continues to be high, the downstream purchase is rational, and it is difficult to make up for the supply gap in the field in a short time. It is expected that the future market will be high, and the specific attention will be paid to the market transaction.
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