SunSirs: The Domestic Acetic Acid Market Was Dominated by Consolidation

Price trend

According to the monitoring of the bulk data of SunSirs, the price of acetic acid first fell and then rose this week. The price of acetic acid on August 20 was 6,050.00 RMB/ton, which was down 0.55% from the price of 6,083.33 RMB/ton on August 14, and which was an increase of 1.11% from the beginning of the month.

Analysis review

This week, domestic acetic acid was weakly sorted, and the market was different in different regions. Some acetic acid companies in North China, Shandong, and Hebei were overhauled. The supply of the market was tight, the quotations of the companies were high, the downstream demand followed up rationally, and the overall production and sales of the market were relatively stable; The markets in South China, Zhejiang, and Jiangsu were full of stocks, the downstream enthusiasm for entering the market was average, the purchase was rational, the trade in the market was insufficient, and the market was weakly sorted.

In the downstream, the vinyl acetate market was mainly wait-and-see and tidy up. Butyl acetate was operating strongly, supported by the rising price of raw material n-butanol, the market was adjusted upward during the week, the downstream response was weak, and the market outlook was stalemate. The market for ethyl acetate was weak. The quotations fell first and then rose during the week, with an overall decline of 0.89%. The market was generally trading, the downstream follow-up was not smooth, and the market fluctuated in the later period.

Market outlook

The acetic acid analyst of SunSirs believes that the current downstream demand in various regions in China is rational, and the follow-up is mainly on demand. In terms of market supply, the company has no other equipment maintenance plans, the market supply is relatively stable, and the production and sales of the company are basically running smoothly. From the perspective of supply and demand, it is expected that the market outlook will wait-and-see, and pay attention to market transactions.

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