Weak downstream demand and continuous decline in acetic acid price (4.16-4.22)

According to the data monitoring of business agency, the average price of acetic acid in East China was 4670 yuan / ton on April 22. Compared with 5100 yuan / ton at the end of last week, it was reduced by 430 yuan / ton, a decrease of 8.43%. As of April 22, the market price of acetic acid in various regions rose and fell as follows:

 

Region, April 16, April 22, Price rise and fall

South China, 4900 yuan / ton, 4500 yuan / ton, – four hundred

North China, 4800 yuan / ton, 4300 yuan / ton, – five hundred

Shandong Province, 4900 yuan / ton, 4300 yuan / ton, – six hundred

Jiangsu Province, 5000 yuan / ton, 4500 yuan / ton, – five hundred

Zhejiang Province, 5100 yuan / ton, 4600 yuan / ton, – five hundred

During the week, the acetic acid market was weak and downward, and the manufacturer’s quotation was significantly reduced. Affected by the increasing demand of acetic acid plants in Shangyi area, the supply of acetic acid plants in Shangyi area was not restored, and the supply of acetic acid plants in the downstream market was not restored due to the continuous increase of public transportation in Shangyi city. Due to the continuous decline of freight supply in Shangyi City, the market demand of acetic acid plants in Shangyi city and Shanghai was not restored, and the main suppliers were affected by the increase of freight supply in Shangyi city, Acetic acid market continues to be weak.

 

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The upstream methanol market first rose and then fell this week, with limited overall fluctuation. The impact of crude oil weakened, affecting the decline of the futures market. The quotation of domestic production enterprises in the main production areas increased according to their own shipment situation. The methanol market was in sufficient supply. Although there were pre holiday preparation expectations in the downstream, the demand was general. From April 15 to 22, the average price of domestic methanol production enterprises increased from 2812 yuan / ton to 2835 yuan / ton, the price increased by 0.80% during the cycle, and the price fell by 2.91% month on month, Up 12.95% year on year.

 

Downstream, the ethyl acetate Market declined weakly. On April 22, the price of ethyl acetate in East China was about 8350 yuan / ton, down 1.38% during the week. In terms of enterprise construction, the main large factories in Shandong started normally, which was flat compared with last week. At present, the manufacturer’s inventory pressure is obvious, and the downstream expectation turns weak. Under the oversupply, the manufacturers often reduce the quotation, and the ethyl acetate Market is weak.

 

According to the acetic acid analyst of business society, there is inventory pressure in the supply of acetic acid market at present. Due to the impact of transportation and the weakness of downstream demand, the market trading is light, and the supply and demand performance is oversupply. It is expected that the future acetic acid market will be weak and sorted out, and pay attention to the downstream purchase.

POLYVINYL ALCOHOL

On April 21, the domestic yellow phosphorus market was basically stable

Trade name: yellow phosphorus

 

The latest price on April 21: 37166.67 yuan / ton

 

Key points of analysis: the domestic yellow phosphorus market was basically stable on April 21. The overall market trading situation is acceptable. The May Day holiday is approaching, there are many downstream inquiries, and an appropriate amount of goods are prepared, mainly just in need.

 

Forecast: the price of yellow phosphorus is relatively strong in the short term.

POLYVINYL ALCOHOL

Ethylene oxide daily review (April 20, 2022)

Ethylene oxide remained stable throughout the week, with the ex factory price of 8200 yuan / ton in East China, North China, South China and Northeast China and 8400 yuan / ton in Central China.

 

Although ethylene has a downward trend recently, on the whole, the raw material end is still high and strong. At present, the latest price of ethylene in Northeast Asia is US $1310 / ton, that in Southeast Asia is US $1360 / ton, and that of Jinshan Lianmao ethylene is 8500 yuan / ton today, which is the same as that of the previous trading day. In the downstream, each region is affected by the epidemic to varying degrees, which makes it difficult for the overall demand to make up quickly, and the space for repair is limited in the short term. Affected by profit margins, ethylene oxide production load remained low.

 

Forecast: temporarily stable.

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On April 19, the market price of dimethyl ether fell

According to the monitoring data of business agency, the average market price of dimethyl ether in Henan was 4310.00 yuan / ton on April 18 and 4290.00 yuan / ton on April 19, with a single day decline of 0.46%, an increase of 3.21% compared with March 1.

 

On the 19th, the domestic dimethyl ether Market Price weakened, some manufacturers in Henan market lowered the ex factory price twice, the Hebei and Shandong markets were stable in the middle and down, the current market support was insufficient, the civil market of raw methanol and related products liquefied gas was weak, and the market mentality was bad. It is expected that the dimethyl ether market will continue to decline in the short term.

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On April 18, the price of cryolite rose slightly

Trade name: cryolite

 

Latest price (April 18): 7500 yuan / ton

 

Key points of analysis: today’s cryolite market is stable and small, and the average production price in Henan increased by 0.33% compared with the previous working day. At present, the production cost pressure of cryolite manufacturers is high, the operating rate of enterprises is reduced, the inventory is reduced, the downstream demand is stable, the mentality of operators is more on the sidelines, and the quotation of cryolite market is strong.

 

Crystal Market: wait and see the short-term supply of crystal market.

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