This is why the off-season in November will appear in acetic acid market continued upward?

daily is the off-season in November this year has appeared in the acetic acid market continued upward, even in late November, manufacturers still unabated increase intention. So why such a strong rally in acetic acid?

Since November to enter the off-season, the market price of acetic acid market down, but continued upward this year, even in late November, manufacturers still unabated increase intention. Industry has greatly exceeded the expected gains, so why acetate so strong?

We know that the “golden nine silver ten” the traditional peak season, chemical products prices rose in varying degrees. This year, the traditional peak season, both the raw material supply, demand, or export, support the efforts of each factor were higher than in previous years.

Methanol feedstock Market

After the national day, methanol market appeared hot up the situation, the cost of forming a strong support on the surface of acetic acid. After entering in November, methanol futures market volatility, the market is like a roller coaster, unbearable. The effect of methanol Futures Volatility, port spot also xianyihouyang, fell to the lowest 2315 yuan / ton, then upward. It is worth mentioning that, by the end of November paper delivery, accelerated depreciation of the RMB and other factors, the port of methanol spot focus further upstream, the maximum rose to 2580 yuan / ton.

The supply side

Acetic acid supply remained tense, because in October the disk prices continued to rise, domestic demand and export orders are acetic acid, hot spot, acetic acid continued tight supply, November in the north or in short supply. In addition, the domestic equipment maintenance information is relatively concentrated, October domestic equipment operating rate fell to the lowest 62%, East China domestic and export orders for manufacturers delivery, spot supply gap, the north south part of the supply, resulting in low inventory of the North China market itself Huojin degree increased.

By mid November, although the maintenance device gradually restart, and constantly improve the operating rate. Even some manufacturers because of Huojin stress, occurrence of overload. It is still difficult to supplement the market supply gap.

Table 1 10-11 in the maintenance of domestic acetic acid plant.