Supply over demand continued, acetic acid market performance weak

According to the monitoring of the bulk data of the business agency, the domestic acetic acid market continued to weaken. As of August 27, the average price of acetic acid in East China was about 2360 yuan / ton, down 10.38% from 2633 yuan / ton at the beginning of the month. At present, there are 2300-2400 yuan / ton in Shandong, 2250-2350 yuan / ton in Jiangsu, 2400-2500 yuan / ton in Zhejiang, 2150-2200 yuan / ton in Henan, 2400-2500 yuan / ton in Hebei and 2000 yuan / ton in Northwest China.

 

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Unit capacity (10000 t / a) unit output (T / D)

Yankuang Guotai 110.2000

Hualu Hengsheng 50.8.5 maintenance for 25 days

Yangtze BP 50 1300

Jiangsu Sopu 120.3000

Celanese 1200 2000

Jiantao, Hebei, 50.1400

Tianjin Bohua 35 700

Henan Shunda 40.1400

Henan Longyu 50.1500

Henan Yima 25 parking

Shaanxi Yanchang 30.1000

Shanghai Huayi 70.1800

Anhui Huayi 50.1300

Dalian Hengli 35.1100

At present, the overall domestic acetic acid operation is stable, the spot supply is sufficient, and the downstream market demand is flat, which leads to the situation that the supply exceeds the demand in the industry, and the enterprises are forced to sell by bidding, and the trade atmosphere in the industry continues to be cold. Enterprises mainly pay attention to the delivery of contract orders. Although the inventory of some enterprises decreases slightly, the overall inventory of the industry is still at a high level.

EDTA 2Na

 

In terms of the upstream market, the methanol market continued to decline, and the downstream market’s intention to receive goods was flat. Although some enterprises successively issued maintenance plans, they did not have a substantial positive impact on the market. At present, it is about 1615 yuan / ton. In terms of downstream, the downstream industries of acetic acid, such as vinyl acetate and acetate, are running weakly and stably. The demand of downstream market is low. Enterprises mainly digest inventory, and the atmosphere of bearish in the industry is obvious.

 

In recent years, the international acetic acid market has mostly maintained a weak and stable operation, among which the Asian acetic acid market quotation is about 280-320 US dollars / ton; the European market is about 530 euro / ton; the North American market is about 440 US dollars / ton.

 

Acetic acid analysts of the business club believe that at present, domestic acetic acid enterprises mainly focus on digesting contracts, and there is not enough new orders. As Hualu Hengsheng resumes production in the near future, the supply in the industry will be further improved, and the situation of supply exceeding demand will be intensified. It is expected that the domestic acetic acid enterprises will operate in a weak situation in the short term.

EDTA