According to reports, as of April 26, the average ex-factory price of acetic acid in East China was 7595.00 yuan/ton, an increase of 22.30% in April. The acetic acid market in April has seen a wide increase in prices since the Ching Ming Festival. During the month, individual manufacturers’ acetic acid installations were shut down for maintenance, and the company’s inventory was insufficient. Downstream demand remained strong. On-site spot supply continued to be tight, and acetic acid quotations rose at a high level. As of April 26, the domestic market prices of acetic acid in various regions are as follows:
Region Date Quotation
Shandong area April 26th 7500-7750 yuan/ton
Jiangsu area, April 26, 7600-7900 yuan/ton
Zhejiang area, April 26, 7700-7900 yuan/ton
Hebei area, April 26, 7500 yuan/ton
Northwest China, April 26, 7750 yuan/ton
South China April 26th 7900-8000 yuan/ton
North China April 26th 7330-7800 yuan/ton
The domestic acetic acid market has continued to rise. After the shutdown and restart of the acetic acid plant of individual companies within the month, the market supply is still in a tight state. At present, the Nanjing BP acetic acid plant has resumed production, but the market supply situation has not improved much. On the one hand, the Henan Shunda acetic acid plant The failure to restart, coupled with the unexpected shutdown of Jiangsu Thorpe's acetic acid plant, made it difficult to make up for the short-term supply gap. When the supply exceeded demand, the acetic acid market was pushed to the upward channel.
The domestic methanol market continues to rise, the inventory in the mainland and ports has decreased, and some olefins are supported by the outsourced mentality. The upward trend of futures prices is good for the domestic spot market to rise. As of April 26, the Shandong area is about 2525.00 yuan/ton. At present, market holders are reluctant to sell at low prices, and downstream are mainly for purchases. Market trading is weak, and the methanol market is biased towards consolidation and operation.
Downstream acetic anhydride prices have followed up. As of the 26th, the ex-factory price of acetic anhydride was RMB 11,333.33/ton, a 21.21% increase in April. Mainly due to the upward trend in the market and the tight supply of raw materials, the price of acetic acid continued to rise in April and the cost of raw materials rose, which pushed the price of acetic anhydride to follow the upward adjustment.
In terms of acetate, the domestic price of ethyl acetate has risen sharply. As of the 26th, the average ex-factory price of ethyl acetate in East China was 9562.50 yuan/ton, an increase of 11.19% in April. The upstream acetic acid market continued to rise, and the spot supply of raw material n-butanol was tight. , Stocking up before May Day, the industry's mentality is bullish, and the supply and demand are favorable, and the market trend of ethyl acetate continues to be firm. The price of butyl acetate is mainly rising, the prices of raw materials are firm, the quotations of butyl acetate manufacturers follow the trend and the downstream is not accepting high prices, so they purchase on demand. The supply of raw acetic acid in the market is tight, which supports the strong market outlook of downstream acetate.
Relevant persons believe that the domestic acetic acid market is tightly supplied, the on-site acetic acid operating rate is low, individual companies’ acetic acid plants have failed to operate normally, the market supply is difficult to recover in a short time, and the downstream demand is strong. It is expected that the acetic acid market will continue to operate at a high level. Need to pay attention to the start-up situation of the acetic acid manufacturer's installation.
Source: Chemical Network
