Price Trend
According to the monitoring data of business associations, the domestic acetic acid market continued to rise this week. The average price of acetic acid in eastern China was about 2576 yuan/ton at the beginning of the week, and it rose to about 2626 yuan/ton at the end of the week, with an increase of 1.94% in the week. At present, the quotation in Henan is about 2350-2400/ton; in Shandong is about 2550-2700 yuan/ton; in Hebei is about 2500 yuan/ton; in Shaanxi is about 2100 yuan/ton; in Jiangsu is about 2600-2700 yuan/ton; in Zhejiang is about 2750-2850 yuan/ton; and in South China, the quotation is about 2600-2750 yuan/ton. About 52% lower than the same period last year.
| Thiourea |
II. Cause Analysis
Products: This week, the acetic acid Market in eastern China was affected by the overhaul of enterprises’installations, resulting in a tight spot supply and a sustained increase in the enterprise’s delivery price; how long a single shipment was made by enterprises in North China, the supply of acetic acid was stable and the price of acetic acid was relatively strong; and the Northwest China was affected by factors such as the holidays of Eid al-Fitr, which resulted in a significant decline in enterprise’s inventory and a large price. The price of acetic acid rose slightly in the week because of the overall market climate in central China. In terms of start-up, the overall start-up rate of the industry has decreased before, and the overall rate is about 65%. Huayi Group’s Shanghai and Anhui factories are under maintenance; Soap in Jiangsu Province restarted at the weekend, but it has not yet returned to normal; 1.2 million tons per year of Celanese plant started 50%; 350,000 tons per year of Dalian Hengli plant has begun production, and the time for external sales is waiting. Fixed.
Industry chain: In the upstream, the domestic methanol market declined weakly this week, with an average price of 2228 yuan/ton at the beginning of the week, 2228 yuan/ton at the end of the week, a decline of 3.05% in the week, and a decline of 20.64% over the same period last year. Acetate and vinyl acetate industries, affected by the high price of raw materials acetic acid, increased slightly in the week, but the whole week. The contradiction between physical supply and demand is prominent, profit is maintained on the horizontal line, and it is expected that the latter period will be weak and stable; PTA spot market will decline slightly in the week affected by downstream demand downturn, and the contradiction between supply and demand in the industry is obvious, and the turnover is flat.
| Thiourea dioxide |
International: This week, the North American acetic acid market was affected by the tight supply, which rose slightly in the whole week, currently about 415 US dollars per ton; the Asian acetic acid market was affected by the decline of supply in China and continued to rise in the week, but the overall buying gas was still weak, and the current quotation was 335-400 US dollars per ton; the European acetic acid market was affected by the export of acetic acid from Asia. It has been operating steadily within a week and is currently operating at about $520 per ton.
3. Future Market Forecast
At present, the domestic acetic acid market spot supply continues to decline, some enterprises have low inventories, supply side temporarily appears a small gap, some traders are active in buying gas, stimulating the rise of enterprises, the overall downstream industry demand is still slightly weak, business community acetic acid data analysis believes that the domestic acetic acid market will be strong in the near future. Rise.