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SunSirs: Domestic Acetic Acid Market Continued to Rise in January

February 04 2020 10:22:28     SunSirs (John)

Price trend

According to the data of SunSirs, the domestic acetic acid market continued to rise in January, with an average price of 2,483 RMB/ton at the beginning of the month and 2,750 RMB/ton at the end of the month, up 10.74% in the whole month. 

 

Analysis review   

Industrial chain: In the upstream, the methanol market is in shock and consolidation, and the pre holiday market transaction is stagnant. At present, about 2,242 RMB/ton; in the downstream, the acetate, vinyl acetate and PTA industries are gradually entering the off-market period, and the pre holiday stock level is good, which is good for the price support of acetic acid. However, with the extension of the Spring Festival holiday and the development of pneumonia, the demand side will no longer be good for support.

International: At present, the price of acetic acid in the international acetic acid market is affected by the high price of raw materials methanol, and the price of acetic acid is firm, among which the price of acetic acid in North America is about 750 US dollars/ton; the price of acetic acid in Asia is about 340-395 RMB/ton; the current price of acetic acid in Europe is about 620 euros/ton. 

 

Market outlook

According to the acetic acid analyst of SunSirs, due to the extension of the Spring Festival holiday and the impact of the pneumonia epidemic, the domestic acetic acid market is still flat, the downstream market and traders have a high degree of completion of goods preparation before the festival, and it is difficult to improve the demand to a large extent in the short term, coupled with the Limited Logistics and transportation, which is expected to be stable in the short term. 

 

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

 

 

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