According to the monitoring of bulk data of business agency, due to the prominent impact of supply and demand, the domestic acetic acid market continued to decline. At the beginning of this week (6.1), the average price of acetic acid in East China was about 2416 yuan / ton. At the end of this week (6.5), the average price fell to 2240 yuan / ton, down 7.31% in the week. At present, the quotation in Henan is about 2000-2100 yuan / ton; in Shandong, about 2200-2300 yuan / ton; in Hebei, about 2250-2300 yuan / ton; in Shaanxi, about 2000 yuan / ton; in Jiangsu, about 2150-2250 yuan / ton; in Zhejiang, about 2250-2350 yuan / ton; in South China, about 2250-2350 yuan / ton.
| Melamine |
Production trends of plant capacity (10000 tons / year)
Normal production of Yankuang Guotai 110
Hualu Hengsheng 50 normal production
About 80% of BP 50 in Yangzi
Celanese 120 recovered to about 70%
Jiangsu Thorpe 120 started construction to about 80%
Hebei Jiantao 50 normal production
Tianjin Bohua 35 normal production
Henan Shunda 40 normal production
About 80% of Henan Longyu 50
Henan Yima 25 parking
Shaanxi extends maintenance for one month from May 6, 2015
Shanghai Huayi 70.5.23 parking and maintenance for about 20 days
About 80% of Anhui Huayi construction started
Dalian Hengli 35 normal production
The main reason for the sharp decline of domestic acetic acid price this week is that the market shows a situation of supply exceeding demand. At the end of May, the overhaul of Huadong Huabei plant was completed, and production gradually resumed. As of this week, Hebei Jiantao’s 500000 T / a plant has been in normal production, Jiangsu Thorpe’s 1.2 million T / a plant has been restored to 80%, and the industry’s overall operating rate has been restored to 60% – 70%. The spot supply in the market has increased significantly, while the downstream market is still dominated by the digestion of early-stage contracts, with few new orders In the early stage, the traders copied the bottom and actively sold the stocks. In order to prevent the excessive price of stocks in the later stage, the price of acetic acid fell passively.
| povidone Iodine |
Secondly, the long-term downturn in cost and demand is also an important factor affecting the decline of acetic acid price. The low price of methanol market has been adjusted, and the enterprise has recovered after the completion of maintenance. In addition to the high port inventory, the pressure on the supply side of methanol market has increased dramatically. However, at present, methanol has been at a historical low level, some enterprises are on the edge of loss, with strong intention to hold prices, and limited space for reduction. At present, the average price of Shandong is about 1612 yuan / ton. Domestic acetate, vinyl acetate and other industries are close to the cost line after continuous weakness. They are weak and stable in the week. The industry is mainly wait-and-see. The downstream demand is still sluggish and the transaction atmosphere is light.
Affected by the weak operation of methanol, the market performance of international acetic acid market continues to be depressed. At present, the Asian acetic acid market is 265-320 USD / ton, the North American market is about 450 USD / ton, and the European market is about 550 EUR / ton
According to the acetic acid analyst of business association, at present, the domestic acetic acid production enterprises start smoothly, the market spot supply is sufficient, the situation of low downstream demand is weak and hard to change, the situation of supply exceeding demand in the industry is increasingly prominent, and the negative factors are obvious. With the accumulation of inventory, the behavior of bidding among enterprises is obvious, and it is expected that the domestic acetic acid market will be dominated by weak operation in a short time.
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