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SunSirs: Acetic Acid Market Rose within a Narrow Range on September 22

September 23 2021 14:06:26     SunSirs (John)

Commodity name: Acetic acid

The latest price (September 22): 8,050.00 RMB/ton

Analysis review

According to the monitoring of the bulk data of SunSirs, the acetic acid market continued to rise. On September 22, the price of acetic acid was 8,050 RMB/ton, an increase of 1,000 RMB/ton from the price of the previous working day, a daily increase of 11.03%.

After the Mid-Autumn Festival, the domestic acetic acid plant has not improved. Some manufacturers in North China and Northwest regions shut down their acetic acid installations for overhaul. Due to the limited power supply, manufacturers in Shandong and Jiangsu reduced their production load, and many acetic acid plants in the site were shut down for maintenance or limited production. Enterprise inventory was tight, market supply continued to be tight, and traders had a clear attitude toward the upswing, which promoted market sentiment, and the quotations of acetic acid companies continued to increase.

Market outlook

The domestic acetic acid market is tight, the price continues to be high, and the downstream procurement is rational. In the short term, the on-site supply gap is difficult to make up. The market outlook is expected to be high and firm, with specific attention to downstream transactions.

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