1、 Price trend

According to the monitoring of bulk data of business association, this week’s domestic acetic acid market first suppressed and then rose, with an overall decline of 1.59% in the week. At present, the quotation in Henan is about 1850 yuan / ton; in Shandong, about 2000-2100 yuan / ton; in Hebei, about 2100 yuan / ton; in Shaanxi, about 1750 yuan / ton; in Jiangsu, about 2000-2100 yuan / ton; in Zhejiang, about 2100-2200 yuan / ton About 2100-2200 yuan / ton for delivery in South China.

2、 Cause analysis

Products: due to the stable start-up of domestic acetic acid enterprises and sufficient market supply, many enterprises bid for shipment, and the price of acetic acid continued to fall. With the introduction of overhaul and repair plans of Thorpe, Celanese, Yankuang and other large factories, the rise of crude oil price led to the recovery of acetic acid raw material methanol. In addition, traders and downstream users copied the bottom, the price of acetic acid rose slightly, but the actual demand still rose Slightly inadequate.

Industry chain: in the upstream, the domestic methanol market has a good delivery situation, a small storage pressure, and some enterprises have a good mentality. At present, it is about 1725 yuan / ton; the domestic acetate, vinyl acetate and other industries are still under construction, and the demand for acetic acid is just lower than that of the previous years. As the price of acetic acid bottoms, some enterprises start to copy the bottom, and the market negotiation is gradually active; the weekly ratio of PTA market is higher Up 4.75%, driven by the strong crude oil, the raw material market price rose, forming a good support for the polyester filament market.

International: affected by global health events, the price of international acetic acid continues to decline. At present, the price of acetic acid Market in North America is about 430 US dollars / ton; that in Asia is about 250-320 US dollars / ton; that in Europe is about 570 euros / ton.

3、 Future forecast

According to the acetic acid analyst of the business association, there is not enough space for raw material methanol to go up, and the cost of acetic acid is generally supported. Although the acetic acid market has become active in recent years by bargain hunting, there is still no substantial improvement in the demand side. In addition, the enterprise inventory is high, and it is expected that it will continue to operate in a weak position in the short term. With the introduction of maintenance plans by large factories in East China, North China and other places, the spot supply of acetic acid will appear in May Tightening, acetic acid prices may be improved, the future market still need to pay attention to enterprise inventory.