Price Trend
According to the monitoring data of business associations, the domestic acetic acid market first restrained and then rose this week. At the beginning of the week, the average price of acetic acid in eastern China was about 2700 yuan/ton. At the end of the week, the average price of acetic acid in eastern China fell to about 2633 yuan/ton. The price of acetic acid slightly dropped by 2.47%, and the lowest price in the week was 2600 yuan/ton. At present, the quotation in Henan is around 2400-2450/ton; in Shandong, 2600-2750 yuan/ton; in Hebei, 2500-2550 yuan/ton; in Shaanxi, 2050 yuan/ton; in Jiangsu, 2600-2700 yuan/ton; in Zhejiang, 2750-2850 yuan/ton; and in South China, 2700-2800 yuan/ton./ About a ton, the overall decline was 42.12% over the same period last year.
| Magnesium sulphate |
II. Cause Analysis
Products: At the beginning of this week, the domestic acetic acid market was affected by the poor demand downstream, and the price of acetic acid continued to fall. Near the weekend, Jiantao, Longyu, Henan and Yima planned maintenance continuously, which led to the supply of acetic acid in North China and Central China was tight, and the price of acetic acid increased accordingly. The concentrated maintenance period in June in East China led to the increase of the price of acetic acid. The supply gap still needs time to recover, so prices follow suit. In terms of start-up, the industry’s start-up rate is still acceptable, with the overall start-up rate of about 85% in a week, 3-4 days in Jiantao, 3-2 days in Yima, Henan, and about January in Longyu.
| Thiourea |
Industry chain: In the upstream, domestic methanol market is affected by weak demand. Enterprise shipments are general. At the beginning of the week, the average price of methanol market is 2160 yuan/ton. At the end of the week, it reported 2134 yuan/ton, a decline of 1.2%. The price is 25.3% lower than that of the same period last year. Affected by the strong price of raw materials and tight supply, domestic acetate and vinyl acetate etc. The industry is steadily rising in the week, and is expected to consolidate at a high level in a short time. Domestic PTA spot market delivery is light, rising first and then falling in the week, currently about 6700 yuan/ton.
International: North American acetic acid market has been running steadily in a week, currently about 400 US dollars per ton; Asian acetic acid market is affected by the increase of supply, stable and soft in a week, and the current quotation is 330-395 US dollars per ton; European acetic acid market is affected by the insufficient support of raw material methanol, weak operation in a week, and the current quotation is about 685 Euro/ton.
| Thiourea dioxide |
3. Future Market Forecast
At present, domestic acetic acid enterprises have successively introduced maintenance plans. The spot supply is insufficient and the stock is low. It is difficult to alleviate the supply-side gap in the short term. The acetic acid data analysts of business associations believe that the overall trade in the acetic acid market is still slightly flat. The poor downstream demand is insufficient to support the price of acetic acid, and the reduction of acetic acid supply can only be achieved in the short term. In a short period of time, the acetic acid market will rise slightly.