According to the bulk data monitoring of the business agency, the domestic acetic acid market rebounded after a continuous decline. As of June 12, the average price of acetic acid in East China was about 2223 yuan / ton, 2.62% higher than the average price of 2166 yuan / ton on June 9, and 13.15% lower than the same period last month. At present, there are 2200-2250 yuan / ton in Shandong, 2150-2200 yuan / ton in Jiangsu, 2200-2300 yuan / ton in Zhejiang, 2000 yuan / ton in Henan, 2200-2250 yuan / ton in Hebei and 1900 yuan / ton in Northwest China.
Production trends of plant capacity (10000 tons / year)
Normal production of Yankuang Guotai 110
Hualu Hengsheng 50 normal production
Yangzi BP 506.6 equipment maintenance about 10
About 70% of Celanese 120
Jiangsu Thorpe 120 normal production
Hebei Jiantao 50 normal production
Tianjin Bohua 35 normal production
Henan Shunda 40 normal production
Henan Longyu 50 6.11 maintenance for about one week
Henan Yima 25 parking
Shaanxi extended maintenance for more than one month from May 6, 2015
Shanghai Huayi 70.5.23 parking and maintenance for about 20 days
About 80% of Anhui Huayi construction started
Dalian Hengli 35 normal production
The main reason for the price increase of acetic acid is the decrease of spot supply caused by the overhaul of the enterprise. Last weekend, Nanjing Yangzi BP plant was overhauled, and the spot supply in East China fell to a certain extent. The enterprises had more inventory and shipped out, and the market demand turned to the surrounding areas. The overall market operating rate was about 70%. The enterprise inventory pressure was effectively relieved. Some low-priced enterprises rose randomly and tentatively. Downstream and traders did not buy up or down. The trading atmosphere in the industry was good and the buying was positive. Affected by the poor start-up of foreign terminals, the acetic acid export end is expected to decline, and the price is weak. At present, the Asian market is about 265-320 US dollars / ton, the European market is about 550 euros / ton, and the North American market is about 445 US dollars / ton.
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Secondly, the price of raw material methanol fluctuated upward. Some manufacturers in Northwest China are optimistic about it. The freight is high, and the cost of traders is increasing. In addition, the center of gravity of the downstream enterprises such as Lubei refinery is rising. Multiple advantages lead to the rebound of methanol market, and the cost is well supported by the price of acetic acid.
On the other hand, the downstream industries such as vinyl acetate and acetate are driven by the upward trend of the raw material acetic acid market, but the overall construction is flat, the actual demand for acetic acid is limited, the terminal market just needs to be weak and stable, the market transaction atmosphere is flat, and the situation that the supply exceeds the demand is difficult to change.
According to the acetic acid analyst of the business association, in the near future, Huayi in Shanghai, Yanchang in Shaanxi and BP in Yangzi will resume production one after another, and the long-term supply of the market is expected to be greatly improved; the downstream market is still just short of demand, which will focus on digesting contracts in a short time, and the volume of new single transactions will be greatly reduced. There is limited space for the price of acetic acid to rise before the complete recovery of acetic acid production enterprises.
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