Up to 3 days, the domestic acetic acid market is stable and firm.As a whole, the prices of all over the 2 day stronger than the average price rose last week.The overall supply of the market continues to be tight, the amount of enterprises available for sale remains low due to the large number of orders, the downstream demand is stable, the market price is strong.

On November 3, the reference price in Jiangsu market was 2,700-2,800 yuan/ton, unchanged from the previous high of 2,700-2,800 yuan/ton on November 2.The reference price in south China market is 2750-2800 yuan/ton, which is the same as the previous high price (February 17) of this year.

At present, domestic acetic acid plant starts smoothly.The plant is running normally, and the operation rate is maintained at a high level of 95%. The high operation rate has not caused pressure on the supply side. The company’s shipment is proceeding smoothly and the inventory is still at a low level.

At the end of October, domestic glacial acetic acid enterprise inventory continued to decline.East China, the inventory declined slightly, the enterprise shipping situation is good.In central China, the inventory began to decline, and the biggest drop, some enterprises inventory shortage, take limited sales.Jin-ji region, inventory began to rise, but the overall shipment is also faster.Shandong region, inventory continues to reduce, sales smooth.Business inventories in northwest China continue to decline.Inventories in the southwest were flat from last week.

Total domestic inventories were down 12.44 per cent compared with October 19.

As of November 3, acetic acid downstream product market stable finishing.The ethyl acetate market is in stable operation and has been rising all the way in the early stage. The current price is at a high level, the inventory of enterprises is not much, but the driving force of the flat price is insufficient, and the weak downstream buying gas slows down the rising process.The butyl acetate market is stable and soft, the raw material surface as a whole has gone down, the enterprise shipping is fair, the downstream receiving atmosphere is not good, the overall market is weak.The acetic acid butyl ester market is stable, the supply side is increasingly adequate, the general mentality of the downstream, push up the lack of power.Vinyl acetate market is stable, in the case of strong cost support, low supply, the market running strong.Vinegar anhydride market stability see rise, affected by yankuang equipment overhaul, market supply is not much, downstream atmosphere is fair, the market trend is strong.

In the later period, in terms of supply, although manufacturers maintain a high operating rate, the flow of goods is smooth, and the pressure of enterprise inventory is almost non-existent. It is expected that the supply side in the later period will still be favorable.On the demand side, after the “Silver Decade”, the buying sentiment of downstream enterprises remains stable, and foreign demand picks up, and the export side may see a market recovery.The acetic acid market is expected to run strongly in the near future.