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Acetic acid market "Golden Nine and Silver Ten"

 Last Update: 2021-11-02
 Source: Internet
 Author: User

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This year's "Golden Nine" can be described as endless surprises for the acetic acid market, with the price exceeding 9,000 yuan (ton price, the same below), a record high

Tight supply gradually eased

In September, the fundamental factor for the sharp increase in the acetic acid market was the tight supply.

Jin Lianchuang analyst Xu Na said that the average domestic acetic acid inventory in September was 80,200 tons, a decrease of 24.

In the future, the Anhui Huayi acetic acid plant is still operating at low load.

Strong cost support weakened

As the raw material of acetic acid, methanol, the market has experienced a strong rise since September

Take the methanol market in the main production area in the northwest as an example, the "dual control" of energy consumption continues to exist, and some methanol plants in the northwest region, especially in Shaanxi, mostly maintain the state of early shutdown or reduction of load

At present, the operating rate of the methanol industry has rebounded slightly by 2.

Downstream demand is bullish

From the perspective of downstream demand for acetic acid, the "Golden Nine" market fell short of expectations, and the operating rate declined to varying degrees compared with August

People in the industry are pinning their hopes on the recovery of "Silver Ten" demand

"In fact, the domestic mainstream downstream industries of acetic acid have not resumed work after the National Day holiday

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