AUGUST 20,2019

Acetic Acid Market Report

2019-08-20 10:36

Recent domestic acetic acid market prices to rise unceasingly, to a downturn in the first half of the atmosphere, the main reason comes from the domestic acetic acid device failure, led to a spot on the market supply to tighten, acetic acid market goods price uplift and conveniently push up.

As of August 19, the domestic acetic acid plant overall capacity utilization at 48% and 61% of east China, 26% of north China, northwest of 41%, 36% of central China. Domestic acetic acid spot loss of 134100 tons and 350000 tons of tianjin factory) device to restart and hua lu the hengsheng 500000 tons, 350000 tons of shaanxi extension of acetic acid plant is expected to 4-5 days, hebei built deep look nearly two days to recover acetic acid 500000 tons device, if restart unsuccessful will stop about 10 days again; Henan long yu, 500000 tons of acetic acid plant restart time is pending; Anhui huayi 500000 tons of September 8-10, is expected to restart. In the face of centralized fault acetic acid plant, the domestic acetic acid social inventory record low, a large number of domestic contracts source was forced to delay the delivery, the downstream forced shopping spot, acetic acid market clinch a deal the price are higher.

Demand ways September 8 - acetic acid plant overhaul concentrated in the region, including partial orders in July, August exports of domestic acetic acid exports growth is obvious. Stable downstream PTA, acetic acid ester starts, because part of the contract to delay, lead to various production enterprise inventory stock co., LTD., for shopping is relatively positive, acetate to give domestic acetic acid market strong support. Overall, due to accidental fault concentrated domestic acetic acid unit, and restart the time uncertainty, spot market supply tight, overlapping late export and domestic downstream centralized procurement, domestic acetic acid market is expected to the end of the last stage.


Disclaimer:The Institute of Plastic Research makes every effort to ensure the accuracy of the information, reliability of the data, and objectivity and fairness of the content and viewpoints described herein. However, we do not guarantee the accuracy and completeness of the information. Any losses or legal consequences resulting from actions taken based on this information are the sole responsibility of the individual undertaking them.

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