Views: 0 Author: Site Editor Publish Time: 2023-01-09 Origin: Site
Glacial Acetic Acid Daily Commentary: Weak finishing (20230109)
1. Today's domestic market offer reference
product | market | 1月3日 | Daily rise and fall |
glacial acetic acid | East China | 2900—3100 | 0 |
Guangdong | 3050—3100 | 0 | |
Beijing-Tianjin-Hebei | 2650—2800 | -25 |
2. Glacial acetic acid mainstream market overview
East China market: a total sample size of 16, mainly producers, traders and downstream enterprises with relatively active spot transactions in the region, as well as foreign producers with spot deliveries to East China. Among them, there are 5 glacial acetic acid producers, accounting for about 72% of the market circulation (excluding long contracts), and 11 buyers, accounting for about 50% of the circulation.
There was no change in supply in East China today, with some units still in a state of suspension, while the buying and selling atmosphere in the market was relatively subdued and prices were basically stable.
Jiangsu: Today, 2 sellers delivered offers at RMB 2930-3050/tonne and 3 buyers intended prices at RMB 2850-3000/tonne. After communication, below RMB 2900/tonne and above RMB 3000/tonne are not yet mainstream prices. A comprehensive assessment of the market price in Jiangsu is RMB 2900-3000/tonne, with the assessment sample mainly referring to the intention of both parties and the transaction price.
Ningbo area: today 2 sellers delivered offers at RMB 3020-3150/mt and 2 buyers at RMB 2950-3100/mt. After communication, below RMB3,000/ton and above RMB3,100/ton are not yet mainstream prices. The comprehensive assessment of Zhejiang market prices is RMB3,000-3,100/ton, and the assessment sample mainly refers to the intention of both parties and transaction prices.
East China market prices were taken from the high and low ends of the Jiangsu and Zhejiang markets, with closing prices at RMB2900-3100/tonne.
Beijing, Tianjin and Hebei markets: The total sample size was 14, mainly producers, traders and downstream enterprises with relatively active spot transactions in the region, as well as overseas producers with spot deliveries to northern China. Among them, 5 glacial acetic acid producers, accounting for about 61% of the market circulation (excluding long contracts), and 9 buyers, accounting for about 59% of the circulation.
Today's quotations from factories in North China remained stable, but the focus of negotiations still shifted downwards due to the impact of foreign delivery sources, and the overall trading performance was average. Three samples of sellers intended to deliver at RMB 2,650-2,900/mt, and two buyers intended to deliver at RMB 2,650-2,750/mt. After communication, above RMB 2800/ton is not yet the mainstream price. The comprehensive assessment of the market price in North China is RMB 2650-2800/ton, and the assessment samples mainly refer to the intention of both sides and the transaction price.
Guangdong market: The total sample size is seven, mainly producers, traders and downstream enterprises that are relatively active in spot trading in the region. Among them, there were 3 sellers of glacial acetic acid traders and producers, accounting for more than 80% of the market circulation (excluding long contracts), and 4 buyers, accounting for about 30% of the circulation.
Today, the shipments in Guangdong have not yet arrived, and the downstream receptivity is also generally positive, with supply and demand both light, the market negotiation centre of gravity does not fluctuate significantly for the time being. 2 sellers' own prices are at RMB 3050-3100/mt, and 1 buyer intends to price at RMB 3000-3050/mt. After communication, below RMB3050/tonne is not yet the mainstream price, and the comprehensive assessment of the Guangdong market price is RMB3050-3100/tonne.
3. Overview of price influencing factors
Market mentality: There are still many people in the industry with a wait-and-see attitude, and the bearish and bullish sentiments are not obvious.
Supply: Some of the glacial acetic acid plants were still parked and the industry was slightly underemployed.
Downstream demand: The downstream demand for goods was average, and the market lacked positive news to boost the market, so the negotiation atmosphere was mediocre.
Maximizing the Benefits of Hydrogen Peroxide 50% in Diverse Applications
Maximizing the Potential of 50% Hydrogen Peroxide in Various Industries
Exploring the Versatile Applications of Styrene in Polystyrene and Engineering Plastics
The Role of Styrene in the Production of ABS and AAS: Key Properties and Benefits
Here is the Acetone content list of Introduction、Function and use
0086-532-85708217
0086-532-85708218