According to the data monitoring of the business community, the domestic acetic acid market as a whole showed a trend of first stabilizing and then rising. In the first three quarters, the acetic acid market fluctuated at a low level. In the fourth quarter, affected by strong domestic demand, the price of acetic acid rose sharply, breaking through the 5000 mark. On January 1, the average price of domestic acetic acid was about 2483 yuan / ton, which rose to 4666 yuan / ton at the end of the year, with an increase of 87.92%. The lowest price of the year was about 2033 yuan / ton in early April, and the highest price of the year was about 4733 yuan / ton in mid December, with an overall amplitude of 132.79%. The lowest ex factory price of Henan was about 1850 yuan / ton in early April, and the acetic acid price of Zhejiang was close to 5400 yuan / ton in mid December. As of November 2020, the cumulative output of domestic acetic acid market is about 7 million tons, and as of October 2020, the cumulative export of domestic acetic acid is about 320000 tons, which is lower than that of last year.

In the first three quarters of 2020, the market rises and falls, and the overall supply and demand game atmosphere is obvious. The highest price is about 2750 yuan / ton in early February, and the lowest price is about 2033 yuan / ton in early April, with the maximum amplitude of 26.06%. As the overall demand of the downstream market is relatively flat, the leading factor affecting the price of acetic acid in the first three quarters of 2020 is the start-up situation of enterprises. In early April and early July, domestic acetic acid enterprises concentrated maintenance, and the tight spot supply in the market led to two obvious rises in the price of acetic acid. At this time, most acetic acid enterprises mainly delivered contracts, the overall inventory of the market was low, and the trade was enthusiastic With the completion of the maintenance of the industry, the situation of oversupply in the market appeared one after another. The price of acetic acid continued to fall after a short rise, and the overall performance rose and fell

After the National Day holiday in 2020, with the effective promotion of epidemic prevention and control measures, the starting of acetic acid downstream market gradually returned to normal, and the demand support was good. PTA, vinyl acetate, chloroacetic acid and some acetate industries started at a high level, especially after the expansion of PTA market, the overall starting exceeded 90%. Strong domestic demand stimulated the rising of acetic acid market, coupled with the maintenance of some enterprises, the market was booming The overall supply tension of the market continues, and the supply side gap is difficult to make up in a short time. Most manufacturers use contracts to deliver goods, and the spot goods are hard to find. In addition, the overall inventory of the industry is low, and the enterprises have strong intention to support the price. The industry has a good bullish attitude, and the traders are reluctant to sell goods.

According to the comparison of acetic acid prices in recent three years, affected by international public health events, acetic acid prices in the first three quarters of 2020 were generally low, until the fourth quarter, acetic acid prices soared. In 2018, domestic acetic acid rose to a historical high. Affected by the centralized maintenance of enterprises’ devices and the strong demand in South Asia market, the total export volume of acetic acid in 2018 exceeded 700000 tons, and the strong support at the export end led to the highest price of acetic acid in history. The main reason for the sharp decline of domestic acetic acid price in 2019 compared with that in 2018 was the double weakness of domestic demand for exports. Although the explosion of Yima device in Henan Province stopped production for a long time in the year, the price of acetic acid was still low In the first three quarters of 2020, due to the impact of international health events, the export side was not supported enough, and the domestic market supply and demand game affected the price trend. In the fourth quarter, with the expected gradual improvement, the downstream market started high, and the domestic demand was strong The price of acetic acid went straight up.

In terms of industrial chain, the domestic acetic acid price trend is similar to that of methanol, and the effective support of the cost side is also an important reason for the acetic acid price trend. Affected by global public health events, the terminal demand of the downstream market is poor, the start-up in the first three quarters is limited, and the demand for acetic acid price is insufficient. With the domestic situation getting better, the start-up of the downstream market is picking up, especially P After the expansion of TA market capacity, more than 90% of the construction started, the demand side support increased significantly, so the acetic acid market rose significantly.

Analysts from business news agency believe that the domestic acetic acid market is ready to develop in the first three quarters and soars in the fourth quarter. Due to the unstable performance of foreign epidemic situation, domestic demand and enterprise maintenance have become the leading factors of industry price. At present, there are 4650-4700 yuan / ton in Zhejiang, 4500-4600 yuan / ton in Jiangsu, 4600-4700 yuan / ton in Shandong, 4400-4500 yuan / ton in Henan, 4700 yuan / ton in Hebei, 4150-4250 yuan / ton in Northwest and 4700-4750 yuan / ton in South China, which are lower than the highest price in the middle of the month. However, the industry as a whole is still at a high level. In addition, the unstable start-up of enterprises in the near future, the market supply is increasing The end gap still exists, but the downstream market has obvious resistance to the high price of acetic acid, the rigid demand is weak, and the transaction in the industry is limited. It is expected that the acetic acid market will be weak and stable in the short term.