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Price tTredency of Acetic Acid in China

Price tTredency of Acetic Acid in China

2021.12.03 Industrynews 119

Price trend
The average domestic acetic acid market price this weekend was 6,307 yuan/ton, down 8.45% from last weekend's price.  Market key points
The market price of acetic acid weakened sharply. Although there were manufacturers' faults and short-term stoppages on the supply side, it did not reverse the weak downward trend of acetic acid prices. This round of prices
The decline was mainly caused by poor domestic demand. The downstream mentality was heavier to buy up and not to buy down, and the willingness to get goods was not strong. Except for the inventory in the northwestern region,
In addition to the high, inventory pressure in other regions is still not great, but in view of the weak market demand, prices of various companies are forced to follow the decline in order to ensure smooth shipments. This week
The overall start-up of acetic acid was 4.17% lower than that of last week, and the start-up rate this week was 67.57%. The situation of the supply-side installations: Jiangsu Thorpe installations overhaul, Sierra
Nice device stops for a short time.  Anticipation of the market outlook
In the short-term, the market price of acetic acid is expected to be weak. Jiangsu Thorpe’s device was overhauled, and the manufacturer’s long-term contract was executed smoothly this month.
The price of monthly bulk orders follows the market, and the shipment volume of bulk orders is kept low. Celanese's acetic acid plant was shut down for a short time, and the specific recovery time was to be determined. The plant's vinegar
The acid ethylene plant is expected to be overhauled in the near future. Therefore, even if the acetic acid plant is restarted, it is not expected to operate at full capacity.
At around 60%, there is still a certain positive support on the supply side. Downstream: the start of vinyl acetate will drop to a certain extent next week, and the demand will be
It has been weakened; it is understood that the current acetates have better profits and higher prices. It is expected that prices may still drop in the later period, and the purchasing side will continue to strengthen
Need to be the mainstay. Baichuan expects that the short-term acetic acid will mainly be explored in a narrow range. The current inventory pressure in other regions except the northwest is not large, and the main focus is on the middle of the month.
If the downstream demand of Jiangsu Thorpe's inventory and spot volume continues to be normal, the possibility of inventory accumulation in the later period will not be ruled out.

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