The domestic acetic acid market trend continued to decline last week.
Due to the increase in supply, the wait-and-see atmosphere in the market was aggravated. As a result, the transaction volume was weak, but most of the manufacturers still had a wait-and-see attitude. Only some manufacturers in Eastern China stipulated a slight downward adjustment. Jiangsu Thorpe production and sales are normal, the factory price is 7,000 yuan (ton price, the same below), down 100 yuan from the previous week, the actual delivery price is about 6900 yuan; Yangzi acetyl plant is running at full capacity, offer 6800 to 7000 yuan, and The previous week was flat; the Yangzi Petrochemical plant was operating normally, with quotes at 6800-7000 yuan, which was unchanged from the previous week. The Shanghai Wusong plant was operating normally at 7,000 yuan, down 200 yuan from the previous week, but the actual ex-factory price was 6,900 yuan; The ex-factory price is stable at 6,600 yuan (entry price) and 6,900 yuan (in the northeast region); the Daqing plant is in normal production, with ex-factory prices at 6,700 yuan (entry price) and 6,800 yuan (price in the northeast region), which is unchanged from the previous week.
East China acetic acid market entered a decline. Although the manufacturer's quotation is not changed by a big margin, but with the increase of negative factors in the market, prices have fallen sharply. The mainstream market price is 6700~6900 yuan, 200~300 yuan lower than the previous week. Jiangyin port market price is 6700 ~ 6800 tons, down 250 yuan from the previous week; Nantong market mainstream quotes 6800 ~ 6850 yuan, down 200 ~ 250 yuan from the previous week; Zhejiang market price is 6800 ~ 6900 yuan, down from the previous week 200-250 yuan, the transaction situation is weak.
Acetate prices in the South China market fell with the East China market. The market supply has gradually eased, coupled with a stronger wait and see in the downstream, end-user purchases are controlled at the lower limit, and demand is gradually declining, leading to a tilt in the market supply and demand situation. The mainstream market price is 6700-6850 yuan, down 200-250 yuan from the previous week.
The North China acetic acid market fell sharply due to the increase in supply. As Shijiazhuang Xinyang Sanyu acetic acid plant products entered the market, leading to increased market supply pressure, so the market price fell sharply, the mainstream quoted at 6500 ~ 6700 yuan, 250-300 yuan lower than the previous week. In Shijiazhuang, the price of alcoholic acetic acid is 6,500-6,600 yuan, and that of methanol in Tianjin is 6,600-6,700 yuan.
In the afternoon market analysis, the acetic acid market trend showed a slow and weak trend. Although the downstream acetate market rose slightly, due to the large inventory of manufacturers, the production enthusiasm was frustrated, and the demand for acetic acid gradually decreased. Therefore, the slight rebound in prices has little effect on the acetic acid market. Domestic acetic acid production is gradually increasing. After the expansion of the Xinyang acetic acid plant in Shijiazhuang, the production runs well and the increased production has affected the market. The production of acetic acid from Yantai ore will increase steadily and the market supply pressure will further increase. In addition, the price of acetic acid in the Far East has fallen and some of the low-cost imported goods have arrived in Hong Kong. This has exerted greater pressure on the market mentality. Therefore, the acetic acid market will continue to adjust downwards.
Due to the increase in supply, the wait-and-see atmosphere in the market was aggravated. As a result, the transaction volume was weak, but most of the manufacturers still had a wait-and-see attitude. Only some manufacturers in Eastern China stipulated a slight downward adjustment. Jiangsu Thorpe production and sales are normal, the factory price is 7,000 yuan (ton price, the same below), down 100 yuan from the previous week, the actual delivery price is about 6900 yuan; Yangzi acetyl plant is running at full capacity, offer 6800 to 7000 yuan, and The previous week was flat; the Yangzi Petrochemical plant was operating normally, with quotes at 6800-7000 yuan, which was unchanged from the previous week. The Shanghai Wusong plant was operating normally at 7,000 yuan, down 200 yuan from the previous week, but the actual ex-factory price was 6,900 yuan; The ex-factory price is stable at 6,600 yuan (entry price) and 6,900 yuan (in the northeast region); the Daqing plant is in normal production, with ex-factory prices at 6,700 yuan (entry price) and 6,800 yuan (price in the northeast region), which is unchanged from the previous week.
East China acetic acid market entered a decline. Although the manufacturer's quotation is not changed by a big margin, but with the increase of negative factors in the market, prices have fallen sharply. The mainstream market price is 6700~6900 yuan, 200~300 yuan lower than the previous week. Jiangyin port market price is 6700 ~ 6800 tons, down 250 yuan from the previous week; Nantong market mainstream quotes 6800 ~ 6850 yuan, down 200 ~ 250 yuan from the previous week; Zhejiang market price is 6800 ~ 6900 yuan, down from the previous week 200-250 yuan, the transaction situation is weak.
Acetate prices in the South China market fell with the East China market. The market supply has gradually eased, coupled with a stronger wait and see in the downstream, end-user purchases are controlled at the lower limit, and demand is gradually declining, leading to a tilt in the market supply and demand situation. The mainstream market price is 6700-6850 yuan, down 200-250 yuan from the previous week.
The North China acetic acid market fell sharply due to the increase in supply. As Shijiazhuang Xinyang Sanyu acetic acid plant products entered the market, leading to increased market supply pressure, so the market price fell sharply, the mainstream quoted at 6500 ~ 6700 yuan, 250-300 yuan lower than the previous week. In Shijiazhuang, the price of alcoholic acetic acid is 6,500-6,600 yuan, and that of methanol in Tianjin is 6,600-6,700 yuan.
In the afternoon market analysis, the acetic acid market trend showed a slow and weak trend. Although the downstream acetate market rose slightly, due to the large inventory of manufacturers, the production enthusiasm was frustrated, and the demand for acetic acid gradually decreased. Therefore, the slight rebound in prices has little effect on the acetic acid market. Domestic acetic acid production is gradually increasing. After the expansion of the Xinyang acetic acid plant in Shijiazhuang, the production runs well and the increased production has affected the market. The production of acetic acid from Yantai ore will increase steadily and the market supply pressure will further increase. In addition, the price of acetic acid in the Far East has fallen and some of the low-cost imported goods have arrived in Hong Kong. This has exerted greater pressure on the market mentality. Therefore, the acetic acid market will continue to adjust downwards.
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