Domestic acetic acid market continues to enter the downward channel

wallpapers Industry 2020-12-09

started from late April, the domestic acetic acid market entered the downward channel. According to the monitoring data, the average price of domestic acetic acid market was 2731.25 yuan / ton at the beginning of May and 2481.25 yuan / ton at the end of May, a decrease of 9.15% and a year-on-year decrease of 33.83%. In terms of products, except for the overhaul of the 200000 t / a acetic acid plant of Tianjin Bohai Chemical Co., Ltd. and the temporary shutdown of the 500000 T / a acetic acid plant in Anhui Huayi, the rest of the operations were basically normal, with an operating rate of about 70%. The market supply of goods was sufficient, and the inventory of manufacturers decreased in the last ten days, and the acetic acid market rebounded in a narrow range. In terms of the industrial chain, the raw material methanol price showed a fluctuating trend in May, with a slight increase of 0.35%, which had limited support for the cost of acetic acid. Downstream acetate, acetic anhydride, medicine and other industries purchase on demand, the actual transaction is light, and the acetic acid manufacturers have great pressure to ship; but in the later stage, with the appearance of low price of acetic acid, some businesses began to purchase intensively, and the low-end source of goods in the market decreased, and the manufacturers were willing to support the price. However, industry insiders said that manufacturers have the intention to push up, but the actual trading atmosphere is still general, and the industry is mainly cautious and wait-and-see. Some analysts of

and

said that the main reasons for the market decline were as follows:

and

were raw materials. Methanol began to soften at the end of April, and the market price dropped slightly, with the range of about 50 yuan / ton. With the end of the unit maintenance season and the restart of the gas head methanol plant, the domestic supply will increase.

and

are demand. From May to June, the traditional downstream demand is off-season. Wheat harvest in North China, Henan, Shandong and other places will be carried out one after another through the market in late May. Therefore, the trend of raw material methanol in May is not good.

and

3. From the perspective of acetic acid supply, most of the acetic acid manufacturers started normal operation. Although there was a soda plant in North China that was shut down on April 26 and began to be overhauled for about 20 days, other manufacturers such as Yingdu, Hualu and Yankuang started normal operation, and the market supply was abundant. After May 1, due to the weak demand, some manufacturers in North China gradually increased inventory, which is reported to be close to full tank state. Anhui Huayi plant in East China has been shut down due to plant problems since March 3, and the upstream methanol and acetic acid plants were also restarted in mid May. In addition, the restart time of large-scale units in Nanjing is also approaching, so the supply is expected to increase significantly. From the perspective of demand,

and

4. From the perspective of demand, may is the off-season of solvent demand, the market of esters and other products is not smooth, and the paint and coating industry is depressed, which directly affects the trend of the acid ester Market. The start-up load of ethyl butyl acetate is still low. Although the new units of Dongying Yisheng butyl acetate and Luoyang Hongda Industrial Co., Ltd. have been put into operation, the market benefit is limited. It is worth mentioning that chloroacetic acid has an obvious impact on the current acetic acid market. Due to the environmental protection problems of terminal pesticides, chloroacetic acid was difficult to sell, and the manufacturer let the profit to ship, resulting in production loss and large parking of manufacturers. According to data estimates, the overall operating rate of chloroacetic acid is less than 20%.

in view of the above situation, analysts said that China's acetic acid market has been significantly cooled by the depression in demand recently. At present, the profit of acetic acid is on the cost line, and the space for manufacturers to continue to make profits is limited. Based on the pressure of sufficient supply and poor demand, some people in the industry believe that the space for acetic acid to continue to decline in the later period may be limited. In the continuous downturn of the market, it is not ruled out that manufacturers will have a negative situation.

acetic acid analysts also said that the current inventory of acetic acid manufacturers is not much, the intention to push up, but the actual demand to suppress the mentality of the industry, acetic acid market will be mainly consolidation in a short period of time, later still need to pay attention to changes in raw materials.


TRUNNANO (aka. Luoyang Tongrun Nano Technology Co. Ltd.) is a trusted global chemical material supplier & manufacturer with over 12 years' experience in providing super high-quality chemicals and Nanomaterials. The nitride powder produced by our company has high purity, fine particle size and impurity content. Please contact us if necessary.