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Acetic Acid: Contradiction Between Supply And Demand
Jul 19, 2018

 

This week, the domestic acetic acid market continued its decline. The current industry operating rate is close to 90%. Although East China and some North China factories do not intend to continue to make profits due to the lack of stocks, the northwest and Henan factories continue to cut prices continuously during the week due to the obvious inventory pressure and the sentiment of the bear market. The mainstream market suppliers also shipped with the market, and the focus of discussions around the world continued to fall. Although the downstream start-up is relatively stable, but the psychology of buying and selling does not buy down, users purchase raw materials on demand, and continue to sell down, the industry mentality is weak. According to market news, a large-scale acetic acid plant in East China plans to stop and repair for two weeks at the end of the month, or have a certain impact on the market. However, due to the fact that the inventory of Henan factories is still high, the market is bearish, and most of the industry is temporarily holding a wait-and-see attitude. It is expected that the short-term market will not pick up. Follow-up needs to focus on changes in the installation and inventory of Henan factories.