SunSirs: Supply and Demand Were Relatively Sable, and the Acetic Acid Market Was Temporarily Stable
April 01 2021 13:33:01 SunSirs (John)
Price trend
According to the monitoring of the bulk data of SunSirs, the acetic acid market is temporarily stable. The price of acetic acid on the 31st was 6,143.33 RMB/ton, which was stable compared with previous day and increased by 1.26% from the end of February.
Analysis review
The domestic acetic acid market is temporarily operating stably, the Shaanxi Yanchang facility has returned to normal, and the supply of acetic acid in the market has increased. The downstream is dominated by rigid demand, with limited procurement. The Henan Shunda facility has not restarted smoothly. The short-term market supply and demand are relatively balanced, and the price of acetic acid has remained stable.
Market outlook
According to the acetic acid analyst of SunSirs the current domestic acetic acid manufacturers have low inventories and strong market prices. Henan Shunda's supply is tight, short-term market supply is limited,while downstream demand is stable. The acetic acid market is expected to remain stable in the near future.
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