The domestic acetic acid market is relatively strong in consolidation and operation. After the festival, the downstream replenishment and the enthusiasm for entering the market are relatively high. In addition, the main factory devices in North China and Northwest China are short stopped and negative, and the supply on the market is reduced. The market is bullish, and the price of acetic acid is rising all the way under the mood of buying up or not.
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According to the monitoring of bulk data of Business News Agency, as of February 3, the average price of acetic acid in East China was 3295 yuan/ton, an increase of 9.83% compared with the price of 3000 yuan/ton on January 27, and a year-on-year increase of 12.65%. As of February 3, the market price of acetic acid in various regions during the week was as follows:
Region/ January 28, February 3/ Price rise and fall
South China/ 3075 yuan/ton/ 3175 yuan/ton/ +100
North China/ 3000 yuan/ton/ 3200 yuan/ton/ +200
Shandong region/ 3050 yuan/ton/ 3200 yuan/ton/ +150
Jiangsu Province/ 2900 yuan/ton/ 3075 yuan/ton/ +175
Zhejiang Province/ 3000 yuan/ton/ 3175 yuan/ton/ +175
The upstream raw material methanol market fluctuated widely. As of February 3, the average price in the domestic market was 2704 yuan/ton, an overall increase of 0.52% compared with the price of 2690 yuan/ton on January 27. After the holiday, the demand was stimulated, and the methanol market rose sharply. However, because the price rose too fast, the acceptance of the downstream was not high, and some of the downstream had the demand for inventory discharge. The market bought gas generally, and the price of methanol fell in a narrow range.
The downstream acetic anhydride market was up. As of February 3, the factory price of acetic anhydride was 5475 yuan/ton, an increase of 2.82% compared with the price of 5325 yuan/ton on January 27. The upstream acetic acid price rose sharply, the acetic anhydride cost support was good, the downstream replenishment after the festival, the demand was stable, the market negotiation atmosphere was good, and the acetic anhydride market rose and operated.
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The downstream butyl acetate market fluctuated and went up. As of February 3, the average ex-factory price of ethyl acetate in East China was 7450 yuan/ton, an increase of 2.24% compared with the price of 7287 yuan/ton on January 27. The raw material acetic acid market went up, and the downstream products were replenished in succession. The market profit was mostly good, and the market was strong.
According to the aftermarket forecast, the acetic acid analyst of the business agency believes that the downstream stock is active after the holiday, the supply of acetic acid in the field is less, the price of acetic acid continues to rise under the multiple benefits, the later maintenance device recovers, the utilization rate of acetic acid capacity increases, the supply of acetic acid in the field increases, and the downstream demand gradually returns to rationality. It is expected that the acetic acid market will operate on a wait-and-see basis, and the price will fluctuate in a small range. Pay attention to the downstream follow-up.
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