Since this year, with the domestic supply side reform, the coal industry to production significantly, domestic coal prices have risen significantly. The domestic price of acetic acid will get the cost of raw materials, the recent rapid rise in prices. In addition, North America, Middle East acetic acid production company mainly through natural gas methanol acetic acid processed, since this year, overseas natural gas prices have been significantly boosted overseas methanol prices.

Was informed that in 2015 China’s total acetate production capacity of 9 million 920 thousand tons, output 5 million 870 thousand tons, apparent consumption of 5 million 530 thousand tons, the industry operating rate of 59.2%, domestic acetic acid industry supply exceeds demand. From 2006 to 2015, the domestic acetic acid production average annual growth rate of 17%, the average annual growth rate of consumption of table 11%, industry development is rapidder, the domestic self-sufficiency rate of acetic acid increased from 68% to 106%. At present, the rapid growth of domestic acetic acid industry has crossed the stage, is expected in the next few years, demand growth will slow down to a single digit level.

Production process of domestic acetic acid mainly by the carbonylation of methanol, the domestic production accounted for 95% of total capacity of acetic acid. The domestic methanol production with coal as the main raw materials, the domestic coal price fluctuations will affect the price of methanol and transfer to the domestic price of acetic acid.