March acetic acid market first restrained, then rose and then stabilized

Price Trend

According to the monitoring data of business associations, the domestic acetic acid market first restrained and then rose in March, and then stabilized. At the beginning of the month, the average price of acetic acid in eastern China was about 326 yuan/ton, and at the end of the month it fell to about 3000 yuan/ton, a decline of 6.74%. At present, the quotation in Henan is about 2800/ton; in Shandong is about 2900-3050 yuan/ton; in Hebei is about 2950-3000 yuan/ton; in Shaanxi is about 2580 yuan/ton; in Jiangsu is about 2950-3050 yuan/ton; in Zhejiang is about 3150-3200 yuan/ton; in South China, the quotation is about 3100-3150 yuan/ton, which is 43.45% lower than that in the same period last year.

best iron supplement

II. Cause Analysis

Products: The domestic acetic acid market continued to weaken in March due to the downstream demand and adverse effects of exports. Towards the end of the month, the price of acetic acid has warmed up due to the heavy burden of enterprise overhaul, but the overall price is still weak. In terms of start-up, Tianjin Bohua 350,000 tons/year plant stops twice within a month and will be restored at present; Yankuang Cathay Tai 1.2 million tons/year plant goes down within a month, with a daily output of about 2,400 tons/year; Jiangsu Sopu 1.4 million tons/year plant stops short within a month; Nanjing BP 500,000 tons/year plant is scheduled to be overhauled in mid-March and is scheduled to be overhauled by the end of April; Hebei Jiantao 500,000 tons/year plant is scheduled to be overhauled by the end of month. About 20 days; 1.2 million tons per year in Celanese, Nanjing, semi-negative operation; the overall start-up rate in the month is about 80%.

Industry chain: Upstream, the domestic methanol market was affected by the explosion of Jiangsu chemical plant, which rose first and then fell within a month, with an overall decline of 2.71%. At present, the average price is about 2372 yuan/ton; downstream acetate industry has different performances, among which butyl acetate is affected by supply and its price has risen sharply, while other industries are mostly in a weak position. Affected by the Yancheng accident, Jiangsu Province, the overall start of construction has declined, PTA market has declined. Overall, construction started in about 85% of the month, and some enterprises have delayed maintenance, just need to be stable.

ferrous fumarate price

International: At present, the North American acetic acid market is stable, and the future market needs to pay attention to methanol dynamics, which is about 575 US dollars/ton; the Asian acetic acid market is affected by overhaul, the market supply has declined, but the demand side performance is not good, the overall stability is relatively stable, the quotation is 405-455 US dollars/ton; the European acetic acid market as a whole is stable in supply and demand, currently around 695 Euro/ton.

3. Future Market Forecast

At present, the price of acetic acid in North China is stable, the enterprise overhaul is concentrated and the stock is low, the spot supply is tight, and the quotation is firm; some enterprises in East China have reduced their losses, but the on-site trading is still weak; the talks in South China are general and the buying is flat; the enterprises in Henan are stable according to the low inventory; the future market needs to pay attention to the impact of Jiangsu chemical plant incident on the downstream industry. Acetic acid analysts from business associations predict that the acetic acid market will be mainly stable in the near future.

Ferrous Fumarate

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>