Introduction
Recently, the overall domestic methacrylic acid market supply atmosphere has shown a trend of tightness, and the overall spot supply of the market is not abundant. At present, the domestic market price of methacrylic acid is maintained at 17,000 yuan/ton or above, and it is difficult to find a low-priced source of goods at the overall trading level of the market. Entering the end of July, with the gradual changes in the overall supply level of the domestic methacrylic acid market, especially the production companies involved in the preliminary shutdown and maintenance will gradually resume normal operation in August, the overall domestic methacrylic acid market trend has become How about it? Who is influencing the overall trend of domestic methacrylic acid?
One of the direct reasons that affect the overall domestic methacrylic acid market trend is the actual output of domestic methacrylic acid production enterprises as a whole.
In July, the overall operating load of domestic methacrylic acid production enterprises showed a low operating trend. However, in August, it is expected that the related methacrylic acid production enterprises that will be stopped for maintenance in July will gradually resume normal operation. Therefore, on the surface, the overall domestic methacrylic acid market At the supply level, domestic supply in August is expected to increase to a certain extent compared with July. However, if the market price fluctuates to a certain extent by then, or if the relevant manufacturers’ sales price expectations for methacrylic acid products are broken, some domestic enterprises may export their products, or some manufacturers that can adjust output will deploy production A Mainly related products such as methyl acrylate, and a small amount of methacrylic acid products are produced for personal use or a small amount of export. Therefore, by then, the overall spot social stock of methacrylic acid in the domestic methacrylic acid market will still remain at a reasonable and normal level, and the market price may still remain volatile.
The second direct reason affecting the overall market trend of methacrylic acid in China is the overall market supply and demand trend of the related product methyl methacrylate.
As more and more switchable methacrylic acid and its ester devices are put into production smoothly, the overall trend of domestic methacrylic acid is more and more closely linked to the trend of supply and demand in the methyl methacrylate market. Under the background that the overall domestic methyl methacrylate supply atmosphere is tight and the market spot is insufficient and the market price is rising, the overall domestic methacrylic acid market price will also show a trend of high operation and push up, and the rate of increase is much higher than that of methyl methacrylate market. From the end of July to the beginning of August, the overall domestic methyl methacrylate market supply is still tight or will continue. As some production companies resume production and operation after their shutdowns are completed, the actual output will increase compared to July. However, it should be noted that due to the long downtime of domestic pre-parking and maintenance production enterprises, inventory is low, and it takes a certain time to accumulate reasonable inventory to build warehouses and transportation and logistics.
The third direct reason that affects the overall market trend of methacrylic acid in China is the actual demand side of domestic methacrylic acid downstream terminals.
Entering from the end of July to August, the overall domestic methacrylic acid market demand level maintains a tidy operation atmosphere. At present, the domestic demand for methacrylic acid is mainly concentrated in three aspects: special monomers, coating adhesives, and latex products. In terms of special monomers, the atmosphere of foreign trade orders has been maintaining a good trend in the recent period, and the actual purchase of orders has a strong atmosphere. For coatings and adhesives, August is gradually approaching the traditional peak season for sales in related industries, and the actual order atmosphere may be boosted to a certain extent. Carboxyl latex has gradually become a large downstream application field of methacrylic acid in China in recent years. With the continuous expansion of domestic production capacity of carboxyl latex products, the demand for methacrylic acid purchases is also showing a gradual increase.
In addition, with the continuous improvement of domestic methacrylic acid product quality and production capacity, the domestic methacrylic acid market has gradually integrated into the global market system. This also means that the rise and fall of prices in the international market will also affect the trend of the domestic market and the gradual changes in the level of supply and demand. Once the domestic market price of methacrylic acid has certain advantages in international market competition, it will show that the foreign trade export orders of methacrylic acid products in the overall industrial chain will continue to improve, which will quickly make the domestic social finished product inventory gradually low, and the market price will continue to rise. . Once the domestic market price of methacrylic acid is higher than that in the international market, more imported branded products will enter the domestic market, which will also affect the negotiation of foreign trade export orders for the overall domestic methacrylic acid industry chain products.