The Supply Side Continued to Release Positive Acetic Acid Prices Rose Sharply in May

The price trend of acetic acid continued to rise in May. The average price of acetic acid at the beginning of the month was 4,260 CNY/ton, and the price at the end of the month was 5,510 CNY/ton. During the month, it increased by 1,250 CNY/ton, an increase of 29.34%, and the price decreased by 28.33% year-on-year.

In May, the market of acetic acid rose strongly, and the price rose sharply during the month. The price of acetic acid continued to fall in the early stage and was only close to the cost line. In order to ease the pressure on shipments, some manufacturers reduced their burdens. At the end of the May 1st holiday, some manufacturers announced the maintenance of acetic acid units. In addition, Nanjing Ineos was also in the state of maintenance, and the supply in the field decreased. , the supplier intends to raise the price, and the quotations of manufacturers in various regions will rise sharply after the festival; the price trend in the middle of the year runs smoothly, although the market supply is still tight, and there is no pressure on the enterprise inventory, but the downstream purchases follow up rationally and purchase on demand. The industry is holding a wait-and-see attitude, and most of the manufacturer's quotations are temporarily stable; in the second half of the year, the supply side has released a good news again. The main manufacturers in Shandong have installed repairs, and the market supply has decreased. Coupled with the pre-holiday stocking, the industry's bullish attitude is strong, and the price trend continues to rise.

The downstream ethyl acetate market was relatively strong in May, and the quotation at the end of the month was 8700-8900 CNY/ton, and the basic market was mainly rising. In terms of construction, the operating rate of ethyl acetate in May was lower than that in April. Most of the factories in South China and East China mainly reduced the load. The main factories in Shandong were overhauled, the supply in North China was tightened, and the price was on the high side. In terms of downstream demand, the buying did not increase in the first ten days. Affected by the downtrend mentality, downstream purchases are active, the peak replenishment season in the late ten days is over, the purchase of dealers and downstream factories has slowed down, the overall market demand has not been supported much, and the market is mainly operating in consolidation.

At present, most domestic acetic acid plants are overhauled, the market supply is tight, downstream purchases just need to follow up, the company's shipments are smooth, the acetic acid market is running at a high level, and the Dragon Boat Festival is approaching.