According to the monitoring of the bulk data of the business community, the price of acetic acid fluctuated in September, falling first and then rising as a whole. The average price of acetic acid at the beginning of the month was 3235.00 yuan/ton, and the price at the end of the month was 3230.00 yuan/ton. The monthly drop was 0.15%, and the price was 63.91% lower than that of last year.
| Chitosan oligosaccharide |
As of September 29, the market prices of acetic acid in various regions in China in September are as follows:
Region, September 1, September 15, September 29
South China, 3150 yuan/ton, 3100 yuan/ton, 3250 yuan/ton
In North China, 3200 yuan/ton, 3150 yuan/ton, 3220 yuan/ton
Shandong, 3150 yuan/ton, 3050 yuan/ton, 3150 yuan/ton
Jiangsu Province, 3250 yuan/ton, 3050 yuan/ton, 3050 yuan/ton
Zhejiang, 3350 yuan/ton, 3150 yuan/ton, 3200 yuan/ton
In September, acetic acid market was dominated by wide shocks, with prices falling first and then rising. In the first ten days of the year, the acetic acid market was consolidated and operated, with sufficient supply of goods, limited downstream demand, weak market supply and demand, and volatile acetic acid prices; The acetic acid market was weak in the middle and late ten days, mainly because the acetic acid maintenance enterprises resumed normal operation, the market supply was sufficient, downstream purchasing continued to be weak, and the price of acetic acid continued to decline when the supply was weak; As the National Day holiday approaches at the end of the month, the downstream demand for goods to be stocked in the market has increased. Enterprises have a strong interest in price fixing, and the quotation has risen. Following the rise in the upstream methanol price, the raw material support is good. The acetic acid price at the end of the month rose to near the beginning of the month.
| Gamma-PGA (gamma polyglutamic acid) |
The downstream ethyl acetate price was weak in September, and the quotation at the end of the month was 6600-7000 yuan/ton, down 0.40%. The raw material acetic acid market was weak and volatile, with limited cost support and weak downstream demand for ethyl acetate. In addition, the operating rate of ethyl acetate was stable in September, the inventory pressure increased, the market supply and demand performance was insufficient, and the ethyl acetate market was weak.
According to the analysts of the business community, the acetic acid market is the main player at present. The downstream stock preparation before the festival brings good demand, and the enterprise quotation is rising. The upstream methanol rise at the end of the month further supports the rise. However, from the perspective of the demand side, the downstream mostly follows up on demand, with limited procurement. The replenishment before the festival brings short-term benefits. It is expected that the acetic acid market will be consolidated in the future, and the downstream follow-up will be paid more attention.
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