SunSirs: Market Supply and Demand Balanced, and Acetic Acid Market Continued to Wait and See
December 29 2021 13:55:39 SunSirs (John)
Price trend
According to the monitoring of the bulk data of ;, the average price of acetic acid in East China on December 24 was 6,180 RMB/ton. Compared with the price of 6,190 RMB/ton on December 18, the price was reduced by 10 RMB/ton during the week, a decrease of 0.16%, and the price fell 11.17% from the previous month.
Analysis review
The domestic acetic acid market is in wait-and-see operation, the company’s inventory is rational, the downstream market just needs to purchase, the on-site trading is stable, the company’s shipments are smooth, the quotation is stable during the week, the domestic acetic acid enterprises are not operating high, and the market supply and demand basically maintain a balance, and the insiders take a wait-and-see attitude.
On the downstream side, the EA market first rose and then fell this week. On December 24, the price of EA in East China was 8,833.33 RMB/ton, which was the same as last weekend's price. During the week, the price of EA did not change much. The prices of the main bidding factories stabilized, the transaction volume increased, the trading atmosphere was good, and the market was running smoothly.
Market outlook
The acetic acid analyst of SunSirs believes that the current inventory of acetic acid companies is rational, the downstream just needs to follow up, and the market supply and demand are in balance. It is expected that the acetic acid market will be stable and wait-and-see for the time being, with specific attention to market supply and downstream transactions.
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