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According to customs data, the total export volume in January-September 2017 was 300,000 tons, which was much higher than the export volume for the whole year of 2016 and basically the same as that of January-September 2015
.
The export volume of glacial acetic acid during the year was concentrated from June to September, and the export volume in September reached the highest point of the year at 68,000 tons, which was also the highest point since 2012
.
The export price of glacial acetic acid was also high during the year.
The average export price from January to September was US$373/ton, an increase of 29.
51% compared to the export price of US$288/ton in 2016.
But it was much lower than that of US$389/ton in 2015.
The average export price
.
In the first half of 2017, the export price of glacial acetic acid reached a high point in May.
Due to the concentrated maintenance of equipment in May, supply expectations were tight, so the offer was raised sharply
.
In the second half of the year, due to the impact of Hurricane Harvey in the United States at the end of August, the price of raw methanol rose sharply, and the cost supported the upward price of acetic acid
.
After October, a fire broke out in the Eastman Acetate Chain Plant in the United States, causing the prices of acetic acid and acetic anhydride to continue to rise
.
Secondly, the international equipment maintenance situation: the international equipment maintenance was concentrated in May-June, and the supply loss was reduced by about 150,000 to 180,000 tons, and the equipment maintenance was concentrated in the Middle East, Singapore, Malaysia and other places, all of which are competing areas with China’s exports to India.
Taking into account the tight supply, the Indian region has higher inquiries during this period
.
From September to October, due to the impact of Hurricane Harvey in the United States at the end of August, Celanese and Lyonder’s acetic acid plants were shut down as a result, including Celanese’s 1.
35 million tons/year capacity and Lyonder’s Basel 540,000 tons/year plant.
.
In addition, at the beginning of October, the Eastman plant's coal gasification unit in Kingsport, Tennessee, USA, failed.
Its 200,000-ton/year acetic acid unit was shut down for maintenance for one month, which caused a tight supply of acetic acid in the United States in the third quarter
.
In general, the substantial increase in domestic exports of glacial acetic acid in 2017 was mainly driven by the international market.
The enlargement of the international supply gap has effectively supported the domestic export market.
Therefore, whether the export volume can refresh the highest point in the market outlook still needs to wait for the international side.
Guide to the news
.
.
The export volume of glacial acetic acid during the year was concentrated from June to September, and the export volume in September reached the highest point of the year at 68,000 tons, which was also the highest point since 2012
.
The export price of glacial acetic acid was also high during the year.
The average export price from January to September was US$373/ton, an increase of 29.
51% compared to the export price of US$288/ton in 2016.
But it was much lower than that of US$389/ton in 2015.
The average export price
.
In the first half of 2017, the export price of glacial acetic acid reached a high point in May.
Due to the concentrated maintenance of equipment in May, supply expectations were tight, so the offer was raised sharply
.
In the second half of the year, due to the impact of Hurricane Harvey in the United States at the end of August, the price of raw methanol rose sharply, and the cost supported the upward price of acetic acid
.
After October, a fire broke out in the Eastman Acetate Chain Plant in the United States, causing the prices of acetic acid and acetic anhydride to continue to rise
.
Secondly, the international equipment maintenance situation: the international equipment maintenance was concentrated in May-June, and the supply loss was reduced by about 150,000 to 180,000 tons, and the equipment maintenance was concentrated in the Middle East, Singapore, Malaysia and other places, all of which are competing areas with China’s exports to India.
Taking into account the tight supply, the Indian region has higher inquiries during this period
.
From September to October, due to the impact of Hurricane Harvey in the United States at the end of August, Celanese and Lyonder’s acetic acid plants were shut down as a result, including Celanese’s 1.
35 million tons/year capacity and Lyonder’s Basel 540,000 tons/year plant.
.
In addition, at the beginning of October, the Eastman plant's coal gasification unit in Kingsport, Tennessee, USA, failed.
Its 200,000-ton/year acetic acid unit was shut down for maintenance for one month, which caused a tight supply of acetic acid in the United States in the third quarter
.
In general, the substantial increase in domestic exports of glacial acetic acid in 2017 was mainly driven by the international market.
The enlargement of the international supply gap has effectively supported the domestic export market.
Therefore, whether the export volume can refresh the highest point in the market outlook still needs to wait for the international side.
Guide to the news
.
