Glacial acetic acid
This week, the glacial acetic acid market is stable and weak. The trading atmosphere in the north and the south is mixed. Recently, the price of methanol has been weak, and the cost side has limited support for glacial acetic acid. The profit of glacial acetic acid did not fluctuate much this week, and the cost of raw materials remained weak, while the price of acetic acid weakened slightly due to its own supply and demand, and the profit fluctuated slightly.
Supply forecast: Next week, Yanchang and Guangxi Huayi are expected to recover, and the overall capacity utilization rate may rise.
Demand forecast: PTA Dongying Weilian is restarted, Hengli Petrochemical 4# is expected to restart, Yisheng Dahua has increased its load, stock installations have increased capacity, and shutdown installations have been reduced or continued maintenance. It is expected that the fluctuations in capacity utilization will not be large.
Comprehensive forecast: At present, the supply of glacial acetic acid is expected to recover next week, and the overall fluctuation of downstream demand is not large. It is expected that the price of glacial acetic acid will be differentiated between the north and the south next week.
Ethyl acetate
The market price of ethyl acetate continued to fall this week. In the short term, the demand from the downstream industry remains rational, the on-site spot inventory is still high, the factory is actively shipping, and the market supply is still increasing in the later stage, while the market price of raw material acetic acid is stable, moderately weak and fluctuating, and the cost side has no support for the time being . It is expected that the ethyl acetate market will still be weak next week, and the decline may narrow.
Butyl acetate
This week, the center of gravity of the butyl acetate market dropped. On the whole, the game between supply and demand continues, resulting in downstream users being more cautious in entering the market, traders and downstream factories are not willing to cover their positions, and the raw material n-butanol market fluctuates frequently, the mentality of the industry is tightening, and there is a lack of real good news guidance in the market. It is expected that butyl acetate will run steadily or weakly in the later period, and attention should be paid to the trend of dual raw materials.
Post time: Jun-16-2023