As of December 20, the average price of acetic acid increased by 2.41% compared with the price of acetic acid on December 14.
Acetic acid market was strong this week, and the quotations of enterprises continued to rise. On the supply side, domestic capacity utilization rate decreased, the plants in the southwest region were shut down for maintenance, and the load of plants in Guangxi was reduced. The good news in the market was superimposed, and the holders were very supportive of the increase, and the factory quotations continued to rise; on the downstream side, the industry entered the market to follow up on demand, the market trading atmosphere was good, and the price trend of acetic acid was strong upward under the leadership of the supply side.
The upstream methanol market has risen strongly. From December 14 to 20, the average domestic market price increased from 2,600 yuan/ton to 2,675.83 yuan/ton, an overall increase of 2.92%. Due to changes in overseas equipment, the utilization rate of methanol production capacity has decreased, expectations for domestic imports have increased, and the methanol inventory at ports has gradually entered the destocking channel. The market is dominated by a bullish mentality, which has pushed the domestic methanol market price to continue to rise.
The downstream acetic anhydride market has slightly increased. The average ex-factory price of acetic anhydride on December 20 was 4982.50 yuan/ton, up 0.50% from 4957.50 yuan/ton on December 14. The upstream acetic acid market continued to rise, and the cost of acetic anhydride was favorable, but the downstream demand was limited, the market transaction was general, and the supply and demand game on the market led to a slight increase in the price of acetic anhydride.
Forecast for the future market, on the supply side, manufacturers have no pressure on inventory, sales pressure is not great, and the mentality of holders is strong; downstream companies mostly adopt a wait-and-see mentality, entering the market mainly on demand, the trading atmosphere in the market is acceptable, and the market supply and demand game is expected. The acetic acid market is expected to run smoothly in the short term, and attention will be paid to the follow-up of the downstream in the future.
This week, the market price of ethyl acetate fluctuated within a range
As of the 20th, the price of ethyl acetate fell by 0.12% compared with the price on December 14. The main reason is that the supplier’s equipment fluctuates frequently and the factory’s mentality is unstable, which leads to the volatile operation of the price of ethyl acetate.
This week, the domestic Yanzhou Coal Mine Lunan plant was temporarily shut down, and Anhui Huayi Ethyl Ester Plant is expected to restart. The industry is in a tangle of mentality, and the price of ethyl acetate fluctuates. At the beginning of the week, the trading atmosphere in the market was weak, the factory inventory accumulated, and the price of ethyl acetate was reduced; in the middle of the week, as the raw materials continued to rise, the downstream buying sentiment increased, the factory mentality was optimistic, and the market price of ethyl acetate rose; in the later period, the downstream chasing sentiment weakened, and the market entry was cautious, and the sales pressure of some manufacturers increased, and the price of ethyl acetate was reduced again.
Looking at the future market, there are plans to restart the shut-down devices on the supply side, the utilization rate of ethyl acetate production capacity has increased, and the market supply has also increased. The news is mainly bearish, and downstream purchases are mostly based on demand. The market transactions are limited, and supply exceeds demand. It is expected that the price of ethyl acetate may run weakly. Specifically, we will pay attention to changes in the supply side’s devices and downstream follow-up.
Post time: Dec-23-2024