According to the data monitoring of business agency, the average price of acetic acid in East China was 5070 yuan / ton on May 13. Compared with 4360 yuan / ton at the end of last week, it was increased by 710 yuan / ton, or 16.28%. As of May 13, the market price of acetic acid in various regions rose and fell as follows:

Region, May 7, May 13, Price rise and fall

South China, 4350 yuan / ton, 4700 yuan / ton, + three hundred and fifty

North China, 4000 yuan / ton, 4900 yuan / ton, + nine hundred

Shandong Province, 4000 yuan / ton, 4850 yuan / ton, + eight hundred and fifty

Jiangsu Province, 4350 yuan / ton, 4800 yuan / ton, + four hundred and fifty

Zhejiang Province, 4450 yuan / ton, 4900 yuan / ton, + four hundred and fifty

During the week, the acetic acid market rose strongly, and the manufacturer’s quotation rose continuously. After the May Day holiday, the acetic acid market hit the bottom and rebounded, and the price trend continued to rise sharply. In April, the market supply was strong and the demand was weak, resulting in the continuous decline of the price. Some factories even approached the cost line. In order to alleviate the shipping pressure, some manufacturers reduced the negative operation. During the May Day holiday, the supplier’s market released good news. Hebei Jiantao device was overhauled, and Nanjing Ineos was also in the overhauling state. The on-site supply was reduced, and the supplier intended to support the price, At the end of May Day, the quotations of manufacturers in various regions increased significantly. After the festival, the downstream heard the news and actively entered the market. At the same time, under the mentality of buying up and not buying down, it supported the rise of acetic acid prices all the way.

The market of upstream methanol is weak this week, and the market decline is obvious. In terms of spot, the production cost of methanol is weakened, the supply is relatively sufficient, the downstream demand is weak, and the market trading situation is poor. In order to maintain shipment, the price of methanol is weak and declining. As of May 13, the average price of methanol production enterprises in the week was reduced to 2643 yuan / ton, with a periodic decline of 3.73%.

In the downstream, the market of ethyl acetate rose sharply. In terms of enterprise commencement, the operating rate of manufacturers was lower than that before May Day. The main factories in Shandong were overhauled, the supply in North China was tightened, and the supply side was well supported. The price of ethyl acetate in North China rose sharply until the weekend, the downstream demand and procurement slowed down, and the market of ethyl acetate stabilized.

According to the acetic acid analyst of business society, the price of acetic acid increased greatly during the week, and the downstream gradually recovered to be stable after the active entry into the market in the early stage. At present, the purchase just needs to be followed up. In terms of market supply, the manufacturer’s shipment is smooth, there is no pressure on inventory, and the supply and demand is maintained in a relatively stable state. It is expected that the acetic acid Market in the short-term future will be stable and wait-and-see operation, and pay specific attention to the downstream purchase.