SunSirs: On July 24th, the Acetic Acid Market in North China Experienced a Significant Decline

https://www.chemnet.com   Jul 25,2024 SunSirs

Price trend

On July 24th, the acetic acid market in North China experienced a significant decline, with delivery prices around 3,225 RMB/ton and a price reduction of 100 RMB/ton.

Analysis review

As of July 24th, the market capacity utilization rate had improved, and the inventory of manufacturers in North China had increased. Downstream digestion of inventory was the main trend, and the market trading atmosphere was weak. The bidding prices in Northwest China had significantly decreased, and the market sentiment was bearish. In addition, the domestic supply was relatively sufficient, and the acetic acid market in North China was operating weakly.

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