According to the bulk data monitoring of business society, the price of acetic acid decreased significantly in December. The average price of acetic acid at the beginning of the month was 6590 yuan / ton, the price at the end of the month was 6180 yuan / ton, the price decreased by 410 yuan / ton within the month, a decrease of 6.22%, and the price increased by 35.33% year-on-year.

As of December 29, the details of acetic acid market prices in various regions in China during the month are as follows:

region December 1st December 15th December 29th

South China 6500-6600 yuan / ton 6000-6100 yuan / ton 6000-6100 yuan / ton

North China 6350-6450 yuan / ton 6050-6200 yuan / ton 6000-6200 yuan / ton

Shandong region 6300-6450 yuan / ton 6050-6250 yuan / ton 6050-6250 yuan / ton

Jiangsu region 6350-6450 yuan / ton 6000-6100 yuan / ton 6000-6100 yuan / ton

Zhejiang region 6450-6550 yuan / ton 6100-6200 yuan / ton 6100-6200 yuan / ton

In December, the acetic acid market was weak. At the beginning of the month, most domestic acetic acid plants operated normally. Although some enterprises had equipment maintenance, due to the early preparation of goods, the market supply was sufficient, while the downstream demand was weak, and the focus of the acetic acid market continued to move downward under the trend of oversupply. In the middle of the year, there was news from the supplier that acetic acid stopped in East China. During this period, the downstream demand increased, and the enterprise’s acetic acid quotation increased slightly. At the end of the month, the market demand tends to be flat. In addition, the inventory of acetic acid enterprises is maintained in a rational range, the supply and demand performance is relatively balanced, and the market situation is stable and the trend continues.

< the market trend of downstream ethyl acetate continued to decline in December. The quotation on December 29 was 8783.33 yuan / ton, down 6.73% from 9416.67 yuan / ton on December 1. In December, the demand for ethyl acetate was general, and some downstream industries entered the traditional off-season. The superposition of environmental protection policies affected some downstream purchase demand. On the supply side, the inventory of large domestic manufacturers was high, the market cost was weak, and the supply and demand side affected the weak downward trend of ethyl acetate Market.

The market outlook of acetic acid is expected. Analysts of business society believe that the inventory of domestic acetic acid enterprises is rational, the downstream demand just needs to be followed up, and the overall performance is relatively stable. After the recovery of Nanjing Yangzi Bibi acetic acid plant in the later stage, the market supply will increase, and the short-term market trend will be stable temporarily. The future market will pay specific attention to the market supply.