At present, the supply and demand of glacial acetic acid market in China are in balance. At present, the main factors affecting the temporary decline in the price of glacial acetic acid market are the unsmooth logistics transportation caused by the epidemic situation.
Glacial acetic acid is also called acetic acid and glacial acetic acid. It is colorless and transparent liquid with pungent smell. The upstream raw materials of glacial acetic acid include butyric acid, methanol, natural gas, oxygen, ethanol, acetaldehyde, ethylene, etc. Glacial acetic acid is mainly used in industry to prepare vinyl acetate, acetate fiber, acetic anhydride, metal acetate and haloacetic acid.
Glacial acetic acid is one of the industries with high barriers.
It has certain requirements on technology, capital and upstream and downstream supporting facilities. For example, acetic acid production equipment has a large investment and a long construction period. The investment required for 500000 tons of production capacity is about 3 billion, and it takes 2-3 years to completely build new capacity,
In recent years, supported by the increase of domestic demand and the active export market, the price of glacial acetic acid has shown an overall upward trend, which has also driven most downstream products up to a certain extent. From January to April 2022, the average inventory level is as high as 150000 to 160000 tons. At the beginning of the year, the downstream of glacial acetic acid started slowly and there was a backlog of inventory before the year. The overall market of glacial acetic acid is not good.
The analysis of glacial acetic acid market shows that in March this year, the price of methanol rose, and the raw material side played an obvious role in supporting glacial acetic acid. In addition, some units in East China and Central China stopped production or reduced the load, leading to a tense situation in the supply of glacial acetic acid market, thus driving the price of glacial acetic acid market to rise. However, the overall demand for glacial acetic acid in the downstream is relatively general due to the impact of cost.
On the whole, the market demand for glacial acetic acid continues to increase. With the increase of production capacity, the domestic output also increases year by year, and will continue to grow.
