SunSirs: Domestic Acetic Acid Market Trends Continued Their Upward Trajectory on March 26

On March 26, the benchmark price for acetic acid, as reported by SunSirs, stood at 3,476.67 RMB/ton—an increase of 24.31% compared to the beginning of the month (2,796.67 RMB/ton).

On March 26, acetic acid prices in the North China region rose; delivered prices in surrounding areas hovered around 3,450 RMB/ton, marking an increase of 60 RMB/ton. Acetic acid producers faced minimal inventory pressure, and market participants demonstrated a strong inclination to support prices; consequently, producers were raising their quotes, and the acetic acid market was consolidating on an upward trend.

On March 26, the market price of acetic acid in Shandong was around 3,455 RMB/ton, up by 60 RMB/ton. Acetic acid manufacturers faced significant cost pressures, while downstream demand provided strong support. With low inventory levels and a bullish market sentiment, the acetic acid market continued its upward trend.

On March 26, the ex-works price for acetic acid in the Zhejiang region stood at approximately 3,750 RMB/ton—an increase of 175 RMB/ton. Domestic operating rates for acetic acid production have declined, leading to reduced inventories among manufacturers; consequently, a strong bullish sentiment prevailed in the market, and the upward trend in acetic acid prices continued.

On March 26, the acetic acid market in South China showed an upward trend, with the ex-factory price reported at around 3,500 RMB/ton for self-pickup, up by 150 RMB/ton. The operating rate of acetic acid plants fluctuated slightly, with minimal inventory pressure among enterprises. The market sentiment was strongly bullish, and the acetic acid market continued its upward movement.

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