SunSirs: The acetic acid market continued to rise in March, with an increase of 21.62%

According to the bulk data monitoring of SunSirs, the price trend of acetic acid rose in March. The average price of acetic acid at the beginning of the month was 4292 RMB/ton, and the price at the end of the month was 5220 RMB/ton. It increased by 928 RMB/ton within the month, an increase of 21.62%, and the price decreased by 15.03% year-on-year.

As of March 31, the details of acetic acid market prices in various regions in China during the month are as follows:

In March, acetic acid market continued to run strong. The price of acetic acid rose earlier because the price continued to fall to the cost line last month. Downstream traders took the initiative in the bottom line mentality, reduced the pressure on the manufacturers' inventory, promoted the price of raw materials and methanol, increased the price of acetic acid manufacturers, increased the price of the acetic acid plants in the eastern China, and tightened the supply of the market. In late March, the picture quality and North China were affected by the epidemic, and the logistics and transportation were limited, resulting in local tension, and the quotation of acetic acid continued to be strong.

The downstream ethyl acetate market fluctuated and rose in March. The quotation at the end of the month was 8400-8700 RMB/ton, an increase of 9.32% over the beginning of the month. In March, the operating rate of ethyl acetate decreased slightly compared with that of the previous month, and some units mainly reduced the load. In addition, some manufacturers in South China reduced the load production, tightened the supply, superimposed the impact of the epidemic on some shipments, and increased the difficulty of market inquiry. In addition, in terms of downstream demand, the purchase intention of dealers and downstream factories was better than that in the previous period, the enterprise mentality was better, and the high report boosted the ethyl acetate Market.

Business analysts believe that the current domestic acetic acid market supply remains rational, there is no pressure on enterprise inventory, the impact of local prevention and control, the downstream demand is slightly weak, the operator's mentality is mainly wait-and-see, the market situation is temporarily stable, the short-term market supply and demand performance is stable, and the future market continues to wait-and-see consolidation and operation.

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