SunSirs: Domestic Acetic Acid Market on October 22nd

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

On October 22nd, the delivery price of acetic acid in the surrounding areas of Shandong was around 2,900 RMB/ton, and on October 20th, the market price was lowered by 50 RMB/ton. Downstream demand was weak, market trading atmosphere was light, enterprise shipments were poor, inventory had accumulated, and the mentality of industry players was mainly wait-and-see. The short-term acetic acid price market is temporarily stable.

On October 22nd, the acetic acid market in southern China remained on the sidelines, with a factory price of around 2,875 RMB/ton for self pickup, a decrease of 50 RMB/ton compared to October 16th. Downstream entry into the market followed suit as needed, and the market trading atmosphere was weak. Enterprises had poor shipments, inventory pressure was high, and the market transaction center was low. In the short term, the acetic acid price market remains stable.

On October 22nd, the acetic acid market in North China remained stable and watchful, with delivery prices around 2,875 RMB/ton. On October 18th, the price was lowered by 25 RMB/ton. Downstream factories and traders were following up on demand, and the market trading atmosphere is relatively weak. Enterprises were shipping on demand, and inventory pressure was still acceptable. The short-term acetic acid market is running steadily.

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