According to the monitoring of the bulk data of the business community, the acetic acid market rose first and then fell in October. The average price of acetic acid at the beginning of the month was 3312.20 yuan/ton, and the price at the end of the month was 3442.50 yuan/ton, with a monthly increase of 3.92% and a year-on-year decrease of 49.00%.
| PVA |
As of the end of the month, the details of acetic acid market prices in various regions in China in October are as follows:
Region, October 8, October 17, October 31
South China, 3350 yuan/ton, 3450 yuan/ton, 3400 yuan/ton
In North China, 3600 yuan/ton, 3700 yuan/ton, 3300 yuan/ton
Shandong, 3550 yuan/ton, 3650 yuan/ton, 3250 yuan/ton
Jiangsu Province, 3300 yuan/ton, 3300 yuan/ton, 3150 yuan/ton
Zhejiang Province, 3400 yuan/ton, 3400 yuan/ton, 3250 yuan/ton
In October, the acetic acid market rose first and then fell. At the beginning of the month, the methanol market on the raw material side rose, and the cost support was good. The downstream demand for replenishment after the festival was good. In addition, the utilization rate of acetic acid capacity in the field was low, the manufacturer’s shipment was smooth, the enterprise was optimistic, and the quotation continued to rise. Later, with the weakening of the downstream replenishment intention and the resumption of the acetic acid manufacturer Lu Xuhui in the market, the oversupply became more and more obvious. The dominant power turned to the buyer’s market, and the focus of the discussion among the holders shifted downward, Superimposed by the weakness of raw material methanol, the cost support is insufficient, the market mentality is bearish, and the price of acetic acid continues to decline. At the end of the month, Shandong enterprises shut down their acetic acid plants, slowing down the inventory pressure, and the acetic acid market stopped falling and stabilized.
The methanol market at the feedstock end rose broadly and then fell sharply. As of 31, the average price in the domestic market was 2790.00 yuan/ton, a 7.39% drop compared with 3012.50 yuan/ton on October 1. The price of methanol raw material natural gas fell, the methanol cost support weakened, while the downstream inventory was sufficient, purchasing was limited, and the market negotiation atmosphere was weak. In addition, due to the impact of public health, local transportation was blocked, and some enterprises increased their inventory. Traders intended to stock at this price, and methanol prices continued to decline.
The downstream ethyl acetate market rose first and then fell in October. The quotation at the end of the month was 6966.67 yuan/ton, down 0.52% from the beginning of the month. The raw material acetic acid market rose first and then fell. The market trading and investment were mainly weak. The cost of ethyl acetate was not supported enough. The downstream demand continued to be weak. Enterprises were not enthusiastic about getting goods. It was necessary to keep up with the demand. There was sufficient supply of ethyl acetate in the market, manufacturers reduced prices and discharged stocks. The market of ethyl acetate was weak.
According to the analysts of the business community, the acetic acid market is stable at present. Although some manufacturers have stopped their equipment at the supply end, the market supply is still high, while the downstream market entry continues to be weak, and the demand is not good enough. In the short term, the acetic acid market is temporarily stable. In addition, the market heard that Henan Shunda acetic acid plant has a parking plan. It is expected that the acetic acid market will fluctuate slightly in the future, and the specific market supply and demand will change.
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