Acetic acid: Market starts continue to decline, supporting high prices in the mainland market

Introduction:After entering August, with the landing of the planned overhaul of the plant and the unplanned parking of individual devices, the start of the mainland market has declined, supporting the manufacturer's quotation to a certain extent to maintain a high level. however, due to the high inventory of some manufacturers in the region and some downstream operators still have a certain stock of raw materials to be consumed, under the influence of weak demand, the room for price increase in the acetic acid market is relatively limited.

According to Tuduoduo data monitoring, as of last Friday, the start-up of the acetic acid market had dropped to 77.58%, of which the production of Jiangsu Thorpe 1.4 million-ton plant resumed after fluctuations; Hualu Hengsheng (Jingzhou) 600000-ton plant was stopped for maintenance on August 10. it is expected to be overhauled for about 18 days. Hubei 1 million-ton plant runs stably; Celanese Nanjing 1.2 million-ton plant accidentally shut down The 500000-ton plant in Longyu, Henan Province was stopped for maintenance on August 15, and the restart time is to be tracked; Shaanxi extends the 400000-ton plant to be stopped for maintenance on August 20th, which is expected to take about 35 days. With the plant maintenance on the ground, the market starts to decline obviously, and under the expectation of reduced supply, the quotation of supporting manufacturers has gone up somewhat, but with the continuous increase of manufacturers' prices, the market transaction atmosphere has not increased obviously, the overall transaction atmosphere is relatively limited, and at present, there are still some raw material stocks to be consumed downstream, and the enthusiasm of operators to enter the market and replenish goods is relatively limited. Affected by this, the manufacturers' quotation is insufficient to promote the rise. Maintain a narrow range of concussion.

Looking forward to the future, with the landing of the plant maintenance plan, the market supply in the region has been reduced, and the manufacturers may quote or maintain a high level, but the follow-up of the downstream market demand is relatively limited, and the recent start-up of ethyl acetate in the lower reaches may continue to decline. Butyl acetate does not change much in a short period of time. At present, there is no maintenance, restart and other operations, and the demand may be relatively limited in the short term. PTA Hanbang restart, Hengli Dalian equipment overhaul, has reduced the parking device or continued parking state, market start or narrow promotion, short-term downstream market demand for acetic acid market support may be relatively limited. At present, the supply side still has some positive support to the market, but due to the limited follow-up of terminal demand, the purchasing mood of downstream operators is poor, and the market is expected to maintain a narrow range of fluctuations in the short-term acetic acid market price under the relatively weak supply and demand. In the medium to long term, with the planned overhaul and the gradual recovery of the devices with unexpected failures, by the middle of September, the market will start or gradually return to the previous high level, and the market supply may return to an adequate state. however, in the later stage, we need to pay close attention to the operation of the equipment in the field, the follow-up of downstream demand and the impact of the expectation of "Jinjiu Silver Ten" on the mentality of the market operators.