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Recently, the market price of acetic acid in East China has increased significantly. With the good news of the suspension of production and maintenance in Shanghai Wusong and the increase in Jiangsu Thorpe's exports, the manufacturers substantially increased the ex-factory price, and suppliers responded positively and drove the market price to rise substantially. At present, the mainstream price of acetic acid has reached 6,000 to 6,200 yuan, and some manufacturers' prices have reached 6,300 yuan, up 800 to 1,000 yuan from the previous week. Nantong market, the mainstream tank price of 6,200 yuan, up 900 ~ 1000 yuan; Jiangyin market 6000 ~ 6100 yuan, up 800 ~ 900 yuan; Zhejiang market 6100 ~ 6200 yuan, up 900 yuan. Downstream buyers have rebounded from expectations, but high-end deals haven't been high.
The market for acetic acid in the South China market was relatively abundant recently, but the market sentiment has improved with the strong rise in acetic acid in East China. However, it is still inferior to the market in East China. At present, the transaction is better, prices have risen sharply, the mainstream market price 5900 ~ 6050 yuan, up from last week, 600 to 650 yuan. Due to the rapid price increase in East China, it will lead to South China, so the price of acetate in South China market will continue to rise.
Recently, the acetic acid market in northern China has bottomed out. Under the active promotion of suppliers, market prices have risen sharply. The current mainstream market price is 5,800 to 6,000 yuan, up 600 to 700 yuan from the previous week. Driven by the sharp rebound in the domestic acetic acid market, the market mentality has rebounded significantly. Although the downstream purchase intentions have improved, the wait-and-see sentiment has made the high-priced transactions less. It is reported that Hebei's local acetic acid manufacturers offer rebounded to more than 5800 yuan, the market price is expected to continue to increase.
In the afternoon market analysis, the acetic acid market has stopped falling and has risen in the context of continuous declines and very large falls, among which the market’s technical rebound is larger. As Daqing and Shanghai Wujing cease production to temporarily relieve the pressure on the supply of acetic acid in the market, and Thorpe's acetic acid exports are also very beneficial to the market, manufacturers and merchants are also interested in boosting the downturn. The current rally has effectively boosted the market mentality and the market will continue to oscillate upwards. However, in the long run, higher imports of acetic acid and new production arrivals at the end of the year will remain an unavoidable pressure for market supply.
The acetic acid market rebounded sharply due to the strict control of manufacturers
Recently, domestic acetic acid rebounded sharply. Manufacturers strictly controlled shipments and significantly raised factory prices. At present, Jiangsu Sopro acetic acid ex-factory price 6300 ~ 6400 yuan (ton price, the same below), up 800 ~ 900 yuan last week; Yangzi Petrochemical 5700 yuan, raised 300 yuan, and ready to be raised again to 6200 yuan; Shanghai Wu Hao acetic acid The device has been repaired on August 14th. The ex-factory price of acetic acid is 6,300 yuan, up 700 yuan, and sales are normal. Yangzi's acetyl is 5,600-5,700 yuan, which is flat; Jilin, 5,300 yuan (inbound price) and 5,600 yuan (in the northeast region). Flat; Daqing is 5500 yuan (entry price), 5600 yuan (northeast price), flat.