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Acetic acid: driven by the cost side, acetic acid rises strongly

Views: 0     Author: Site Editor     Publish Time: 2022-09-27      Origin: Site

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Acetic acid: driven by the cost side, acetic acid rises strongly


Since September 25, domestic acetic acid prices have rebounded strongly. In the past 5 trading days, the price of acetic acid in Jiangsu has risen, and the main driving force for the rise in this wave is the cost-driven.


Especially in the first ten days of September, although the price of raw material methanol rose sharply, acetic acid continued to show a downward trend under the pressure of the contradiction between supply and demand. From mid-September, the price of acetic acid had broken through the cost line, and the profit value was negative. On September 20, the loss per ton of acetic acid was about 280 yuan / ton.



The loss of acetic acid sales has forced the industry to reduce the operating rate: Since the middle and late August, the load of several sets of acetic acid plants such as Jiangsu Thorpe, Huayi Group and Henan Shunda has dropped to about 80%. However, due to the high cost of Henan Shunda, its 450,000-ton/year acetic acid plant was also shut down on September 28. In addition, the operation of Jiangsu Thorpe and Huayi Shanghai acetic acid plant was unstable at the end of the month. to about 70%.


The main downstream acetate and vinyl acetate have resumed normal operation, while the PTA operation is still around 70%. Especially under the mentality of being bearish on the market in the early stage, the raw material inventory of downstream users is mostly low. Before the National Day holiday, downstream users had the need to stock up, and there was a buying sentiment, so most acetic acid factories received more orders, and the inventory fell to a low level. Although the inventory of the main acetic acid factories in central China is high, but under the pressure of cost, the high-priced offers are firm, and the market is difficult to find low-priced sources.


It is reported that the delivery of orders from major acetic acid factories has been scheduled for the National Day holiday. It is initially expected that the social inventory pressure will not be too large after the National Day holiday. In addition, the coal supply is tight, methanol prices have skyrocketed before the holiday, and the cost support is still there. It is expected that the domestic acetic acid price will remain strong in the short term.



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