1、 Price trend

According to the monitoring of bulk data from the business agency, the domestic acetic acid market continued to decline in March. At present, the quotation in Henan is about 2000-2050 yuan / ton; in Shandong, about 2150-2300 yuan / ton; in Hebei, about 2300-2350 yuan / ton; in Shaanxi, about 2080 yuan / ton; in Jiangsu, about 2150-2250 yuan / ton; in Zhejiang, about 2300-2400 yuan / ton; in South China The regional delivery price is about 2300-2400 yuan / ton.

2、 Cause analysis

Products: in March, the domestic acetic acid market as a whole continued to decline. In the middle of March, the spot supply of acetic acid was tightened due to the centralized overhaul of acetic acid enterprises, and the price of acetic acid slightly recovered. The increase of each enterprise was about 50 yuan / ton. With the completion of the overhaul, the spot supply of the market was abundant, but the downstream market demand did not improve. In addition, the closure of India led to export orders Sharp decline, acetic acid production enterprise inventory gradually accumulated, sales pressure increased, and then let the profit shipping.

Industrial chain: in the upstream, the production and sales of regional manufacturers in the domestic methanol market are basically balanced, and the inventory is kept within the controllable range, but the demand side is still insufficient, at present, about 1605 yuan / ton; the domestic acetate, vinyl acetate and other industries continue to be weak, the terminal demand is low, the market is light, and the pessimism spreads; with the continuous decline of international oil price and the purchase in the downstream market The PTA spot market continued to plummet, with low prices, unbalanced market supply and demand, insufficient cost collapse, and high downstream inventory.

International: the acetic acid Market in North America is affected by the overall weakness of the methanol and chemical industry, which has fallen sharply in the month, currently around 450 US dollars / ton; the demand in Asia is insufficient due to the impact of the epidemic in India, which has fallen sharply as a whole, and the current price is around 275-330 US dollars / ton; the European acetic acid market is affected by the downward trend of the methanol market, which is weak in the month, and the current price is 570 euros / ton left Right.

3、 Future forecast

According to the acetic acid analyst of business association, with the recovery of production of overhaul enterprises, the market operation rate gradually picks up, the pressure on sales and inventory of enterprises increases sharply, the downstream market starts not high, the demand is weak, the contradiction between market supply and demand is highlighted again, and it is expected that the future market will still be weak.