According to the bulk data monitoring of business society, the price trend of acetic acid continued to decline in April. The average price of acetic acid at the beginning of the month was 5220 yuan / ton, the price at the end of the month was 4260 yuan / ton, and the price decreased by 960 yuan / ton within the month, a decrease of 18.39%, and the price decreased by 47.16% year-on-year.

As of April 29, the details of acetic acid market prices in various regions in China during the month are as follows:

Region, April 1, April 15, April 29th

South China, 5100 yuan / ton, 4900 yuan / ton, 4050 yuan / ton

North China, 4950 yuan / ton, 4800 yuan / ton, 3600 yuan / ton

Shandong Province, 5000 yuan / ton, 4900 yuan / ton, 3600 yuan / ton

Jiangsu Province, 5050 yuan / ton, 5000 yuan / ton, 3750 yuan / ton

Zhejiang Province, 5150 yuan / ton, 5100 yuan / ton, 3850 yuan / ton

In April, the acetic acid market was weak, the price trend of acetic acid in the first ten days was on the sidelines, and the maintenance manufacturers of acetic acid units in East China had not been restored. The supply of goods in the field remained rational, and the downstream purchase was followed up rationally. The operator’s mentality was mainly on the sidelines, and the overall price remained stable. In some regions, due to the accumulation of inventory, the quotation was slightly adjusted and reduced. In the middle and late ten days, the price trend of acetic acid continued to decline, Shanghai Huayi acetic acid plant resumed full load operation, the acetic acid plant of the main manufacturer in Shandong returned to normal operation, and the on-site supply increased. Affected by public health events, logistics and transportation were blocked, freight rates increased and some regions did not transport. The downstream demand weakened, the market supply accumulated, and the market mentality of buying up but not buying down, so the acetic acid market continued to operate weakly..

The downstream ethyl acetate Market was weak in April, and the quotation at the end of the month was 8200-8500 yuan / ton, mainly based on the sorting of the basic market. Affected by public health events, the operating rate of ethyl acetate in April was low, and some units mainly reduced the load. At the same time, due to the impact of logistics, some shipments were blocked, and the difficulty of market inquiry increased. In addition, in terms of downstream demand, the procurement between dealers and downstream factories was stable, and the preparation of goods before the festival restrained the reduction of ethyl acetate price to a certain extent.

Business analysts believe that at present, the domestic acetic acid market has sufficient supply, enterprise inventory accumulation, the impact of local prevention and control, Limited Logistics and transportation, weak downstream demand, the mentality of operators is stalemate and wait-and-see. From the perspective of supply and demand performance, the future market is weak.