Price trend
According to the monitoring of the bulk data of SunSirs, the domestic acetic acid market continues to rise due to the decline in the burden of enterprises and the concentration of downstream stocks. As of January 20, the price of acetic acid in Shandong was 4,150-4,250 RMB/ton, and the price of acetic acid in Jiangsu was 4,200-4,300 RMB/ton, the price of acetic acid in Zhejiang was 4,400-4,500 RMB/ton, the price of acetic acid in Henan was about 4,200-4,300 RMB/ton, the price of acetic acid in Hebei was 4,150-4,250 RMB/ton, the price of acetic acid in Northwest China was about 3,700 RMB/ton, the price of acetic acid in South China was around 4,200-4,300 RMB/ton, an increase of 7.17% over the same period last week.
Analysis review
Recently, the domestic acetic acid market has continued to rise. Affected by the reduction of corporate overhauls and concentrated downstream stocking, the spot supply of acetic acid market has shrunk. The industry's trading situation is good. It is difficult to find a single product in some regions, and the supply-side gap cannot be effectively compensated in a short time.
The domestic methanol market fluctuated and adjusted, the market quotations did not rebound much, the downstream acceptance intention was not strong, and the futures fluctuated within a narrow range. The short-term domestic methanol market is expected to consolidate. As of the 20th, the Shandong area was about 2,360 RMB/ton. In the downstream, the acetate market has risen sharply due to the support of the cost side, the terminal market has gradually entered the stocking period, and the market has performed well.
Market outlook
The acetic acid analyst of SunSirs believes that the current domestic acetic acid market is performing well on both ends of the supply and demand, and the downstream centralized stocking is expected to continue until the end of the month. The supply side is unlikely to grow significantly in a short period of time. It is expected that the acetic acid market will operate strongly in the near future.
