Acetic acid prices continue to rise

Sinochem New Network News last week, due to the decline in the overall operating rate of the previous device, the lack of market supply, manufacturers raised the ex-factory price, the market initiative to discuss increased, acetate prices continue to rise.

In terms of manufacturers, the device is operating normally and manufacturers can still sell. The installations in East China were normal and the manufacturers' inventory was low. The mainstream quotes were raised to 3,500-3,600 yuan (t price, the same below). Hebei's major installations are scheduled to resume operation at the beginning of July, and the factory stocks are low. The current mainstream offer is raised to 3,300-3,400 yuan.

In the market, the market in East China has been turbulent and prices have continued to rise. The spot supply is tight, and the main equipments in the area are under-employed, and the amount of goods supply is reduced accordingly. The price of asking for goods in the market was relatively active, buyers had certain interest in entering the market, traders shipped smoothly, and prices increased gradually. The current mainstream offer is 3350 to 3550 yuan.

The market in South China is operating steadily and prices are consolidating within a narrow range. Insufficient availability of stock, holding a stable mentality of the purchaser, temporarily holding a wait-and-see attitude. The market demand was slightly flat and the volume was stagnant. Traders shipped in general, offer slightly increased, the mainstream quoted at 3550 ~ 3650 yuan.

The market supply in North China is tight and prices are rising strongly. Insufficient supply of goods, traders asked for goods to increase prices, holders of low stocks of inventory, shipping intentions decline. Buyers' enthusiasm increased, traders shipped smoothly, and prices rose strongly, with mainstream prices ranging from 3,400 to 3,500 yuan.

With the restart of Jiangsu Thorpe plant and Hebei Jianye plant planned to resume production at the beginning of July, the market supply will rebound, which will result in a certain suppression of market prices.

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