SunSirs: The Acetic Acid Market in Shandong Province Was Sorted out on August 23rd

https://www.chemnet.com   Aug 26,2024 SunSirs

Price trend

On August 23, in Shandong Province, the delivery price of acetic acid to surrounding enterprises was around 3,600 RMB/ton, with a market price reduction of 25 RMB/ton.

Analysis review

The factory had no inventory pressure, stable quotations, and traders had a strong intention to ship. They were eager to secure their orders, resulting in a slight decrease in market prices. Downstream purchases at high prices are average, with a small amount following up on demand.

Market outlook

The short-term acetic acid market may be weak and consolidating.

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