1、 Price trend

According to the monitoring of bulk data from the business association, the domestic acetic acid market remained high and firm after continuous rise. As of April 27, the quotation in Henan was about 2250-2300 yuan / ton; in Shandong, it was about 2350-2500 yuan / ton; in Hebei, it was about 2450 yuan / ton; in Shaanxi, it was about 2450 yuan / ton; in Jiangsu, it was about 2350-2450 yuan / ton; in Zhejiang, it was about 2450-2 yuan / ton About 550 yuan / ton; about 2350-2400 yuan / ton from South China, up 20.33% from April 7.

2、 Cause analysis

Products: after the continuous rise, the domestic acetic acid market began to return to rationality, traders and downstream markets’ intention to prepare goods before the festival turned weak, and the market volume declined. Due to the centralized maintenance of enterprises in the future, the market supply was tight, and the inventory was then reduced to a low level. How long did the enterprises make shipments? Some enterprises limited the number of shipments. At present, the acetic acid market remains high and strong.

Industry chain: in the upstream, the domestic methanol market has declined, and the price of each region has been adjusted according to the supply-demand relationship. The downstream just needs to prepare goods, and the traders operate cautiously. At present, the price is about 1620 yuan / ton; the domestic acetate, vinyl acetate and other industries operate slightly and stably, and the raw materials support is good, but the terminal market demand is poor, and the industry negotiation is soft; PTA industry starts at a high level, and the market is in a trading atmosphere Sliding, dominated by forward trading, the downstream demand performance is flat and the supply continues to increase, so there is a possibility of further decline in the start-up of terminal weaving links.

International: affected by the epidemic situation and equipment maintenance, the supply of international acetic acid market has declined, and the price of acetic acid is still rising slightly. At present, the price of acetic acid Market in North America is about 485 US dollars / ton; that in Asia is about 280-330 US dollars / ton; that in Europe is about 570 euros / ton.

3、 Future forecast

According to the acetic acid analyst of the business association, the domestic acetic acid market tends to be stable before the May Day holiday. Downstream users and traders have mostly completed the stock preparation, the market trading atmosphere has become weak, the spot supply in the future market has been set to decline, the downstream industry has started a higher operation, the demand for acetic acid is good, and the price of acetic acid is expected to be high and strong in a short time.