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SunSirs: Domestic Acetic Acid Market Is Firm up Due to Spot Shortage

October 28 2020 16:01:07     SunSirs (John)

Price trend

According to the monitoring of the bulk data of SunSirs, affected by the tight spot supply, the domestic acetic acid market has continued to rise. As of October 28, the average price of acetic acid in East China was about 2,636 RMB/ton, an increase of 1.15% from the same period last week and an increase of 3.26% from the beginning of this month. At present, the price of acetic acid in Shandong is 2,550-2,680 RMB/ton, the price of acetic acid in Jiangsu is 2,600-2,680 RMB/ton, the price of acetic acid in Zhejiang is 2,720-2,820 RMB/ton, the price of acetic acid in Henan is about 2,450-2,500 RMB/ton, and the price of acetic acid in Hebei is about 2,600 RMB/ton, and the price of acetic acid in Northwest China is about 2,150 RMB/ton.

Analysis review   

The spot supply of acetic acid in the domestic acetic acid market continues to be tight, the price of acetic acid is rising at a high level, the market is starting to work steadily, and the industry's inventory is low. As companies continue to deliver export orders and downstream domestic demand increases, the industry's tight supply situation has intensified, and acetic acid manufacturers have better intentions to maintain prices.

The methanol market is operating at a high level, and the market inventory is low. Downstream companies and traders are actively purchasing. Its price will be firm in a short period of time, currently around 1917 RMB/ton. In the downstream, the downstream market inventories of vinyl acetate, acetate and other acetic acid are gradually decreasing, and the terminal market demand is good, and the market spot supply is limited. It is expected that it will continue to operate in the short term.

Recently, the supply of acetic acid in the international acetic acid market is tight, and the price of acetic acid in various regions is operating stably. At present, the Asian acetic acid market is about 330-380 US dollars/ton; the European market is about 560 Euro/ton; the North American market is currently about 520 US dollars/ton.

Market outlook

The acetic acid analyst of SunSirs believes that the domestic acetic acid market is stable and will not fluctuate in a short period of time. The downstream demand side purchases steadily and rises. The industry inventory is low. It is expected that the acetic acid market will continue to operate firmly in a short period of time.

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

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