First, the price analysis

According to the data monitoring of the business community, the domestic acetic acid market is strong this week, and the price of acetic acid is raised in a narrow range. At the beginning of the week, the domestic average price of acetic acid was about 4,457 yuan / ton, and the weekend was about 4,500 yuan / ton, up 0.96% in the week, up 54.56% over the same period last year.

Second, the cause analysis

Products: This week, the domestic acetic acid market is gradually stable. There are more orders for long-term contracts and exports, and the industry is tight, and the company’s offer is firm. In terms of construction, such as: Hualu Hengsheng 500,000 tons of annual equipment production, daily production of about 1600 tons; Tianjin Bohai Chemical 250,000 tons / year plant down negative operation, daily output of about 450 tons, will return to normal in the near future; Yankuang Guotai 110 The production capacity of 10,000 tons/year was restored to 2,300 tons per day; the construction of Hebei Jiantao 500,000 tons/year was temporarily suspended this week, and production has resumed, with a daily output of 1,500 tons; Henan Shunda 400,000 tons/year is normal production, Nissan About 1200 tons. At present, the price in Henan is around 4,300-4,400 yuan / ton; the price in Shandong is about 4,450-4,600 yuan / ton; the price in Hebei is about 4,500 yuan / ton; the price in Tianjin is about 4,500 yuan / ton, and the price in Shaanxi is 4,300 yuan / ton. Around, the Jiangsu area is priced at 4,450-4,600 yuan / ton, the Zhejiang area is sent to the price of 4,650 yuan / ton, and the South China region is priced at 4,650-4,750 yuan / ton. The actual transaction price of each region is slightly lower than the quotation, which is mainly based on the negotiation.

Industry chain: upstream, this week, the methanol market fell slightly by 1.04%, up 25.58% year-on-year, currently around 2968 yuan / ton. This week, the downstream acetate industry performed steadily and demand was soft. The vinyl acetate market performed steadily. Due to rising raw material costs and limited profit margins, the PTA market gained momentum this week, with a sharp increase of 9.85% during the week, up 67.1% from the same period last year. The support for acetic acid prices is good, and the price is now 8452 yuan / ton.

International: The performance of the acetic acid market in North America is stable this week. The current price is about US$1,125/ton. The acetic acid market in Asia has increased from the previous period. The current price is 615-655 USD/ton. The European acetic acid market is still strong this week. The current price is 880 Euro/ton. about.

Third, the market outlook

At present, the acetic acid market has gradually stabilized, and production problems such as enterprise overhaul and lightening have been resumed. The spot supply in the industry has improved but it is still tight. Some downstream users have weakened their prices, and overall demand is not good, which has a negative impact on acetic acid prices.

The acetic acid analyst of the business community believes that the domestic acetic acid market will be mainly stable in the short term, and there may be a weak decline.