Domestic acetic acid market fluctuated in December
The price trend of acetic acid fluctuated in December. As of December 31, the price increased by 20 yuan/ton compared with the price at the beginning of the month, with a monthly increase of 0.68%.
In early December, acetic acid prices fell, mainly due to the psychological impact. It was heard in the market that Hebei enterprises had new equipment to be put into production, and the industry was bearish. In addition, the downstream demand was weak, which led to the downward shift of the transaction center of gravity of the acetic acid market. In the middle and late December, the market released good news, and the price of acetic acid rose strongly. On the supply side, the equipment in the southwest region was shut down for maintenance, and the equipment in Guangxi was reduced. With the superposition of good news in the market, the factory quotations continued to rise. At the end of the month, the downstream market demand weakened, and the market trading atmosphere in some regions was not good. In order to promote shipments, the quotations of enterprises were slightly lowered.
The market of methanol on the raw material side fluctuated and rose. As of December 31, the average domestic market price increased by 8.42% compared with the price at the beginning of the month. The supply side performed strongly during the month, the main regional equipment in the Middle East changed, the import volume of methanol was expected to decrease, and the methanol inventory at the port gradually entered the destocking channel. The market was bullish, and traders were willing to hold goods. The price of methanol at the port continued to rise; in the later period, the gas-head methanol equipment in the southwest was expected to be shut down, and the market was favorable. The domestic methanol price rose simultaneously.
Forecast for the future market: At present, the inventory of acetic acid enterprises is low, the sales pressure of manufacturers is not great, and the mentality of supporting the rise is strong. The inventory of downstream enterprises is not much, and the follow-up of entering the market may increase. The market trading atmosphere is optimistic. It is expected that the acetic acid market will be strong in the future market. Pay special attention to the replenishment of downstream stocks in the future market.
In December, the price of ethyl acetate fluctuated downward
As of December 31, the average price of ethyl acetate production dropped by 70 yuan/ton compared with the price at the beginning of the month, with an overall decline of 1.20%. The main reasons are insufficient support from suppliers, weak downstream demand, and poor market trading, which led to a weak downward trend in the price of ethyl acetate.
Market analysis: This month, the ethyl acetate market fluctuated and fell. The ethyl acetate plant changed frequently this month. The Yanzhou Coal Mine Lunan plant was temporarily shut down, and the Anhui Huayi ethyl acetate plant was expected to restart, which led to the unstable mentality of the industry. At the same time, the downstream performance was poor, the demand continued to be weak, and the market trading atmosphere was light. Even if the upstream acetic acid price rose, the ethyl acetate price still had a limited increase, and the supply and demand game in the market. The overall price of ethyl acetate fluctuated weakly this month.
The price of acetic acid, a raw material, fell first and then rose, the cost pressure increased, and the profit of ethyl acetate decreased.
Looking at the future market, the price of ethyl acetate is currently adjusted downward, and the downstream enthusiasm for entering the market is not high, which provides weak support for the market. Although the price of raw acetic acid is strong and the mentality may be supported, the market continues to be in a weak consolidation due to the continuous supply and demand game. It is expected that the ethyl acetate market will continue to be weak in the future market. It is recommended to pay attention to the price execution of raw acetic acid and ethyl acetate manufacturers.
Post time: Jan-02-2025