SunSirs: The Acetic Acid Market in North China Sorted out and Declined on August 22nd

https://www.chemnet.com   Aug 23,2024 SunSirs

Price trend

The acetic acid market in North China has been consolidating and declining, with delivery prices around 3,650 RMB/ton and a price reduction of 75 RMB/ton.

Analysis review

The on-site price has increased significantly, and downstream acceptance of high prices was not high. Some traders were eager to ship, resulting in a slight decrease in market prices.

Market outlook

Due to the concentrated maintenance of domestic equipment and the lack of inventory pressure from manufacturers, the acetic acid market in North China is observing and consolidating in the short term.

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