SunSirs: On June 15, the Acetic Acid Market Continued Its Weak Downward Trend
June 16 2022 10:25:40 SunSirs (John)
The latest price (June 15): 4,700 RMB/ton
On the 15th, the market price of acetic acid dropped sharply. The average market price in East China decreased by 6.37% compared with the previous working day.
Analysis review
In addition to the maintenance of some acetic acid plants in the market, other enterprises were running smoothly, the market supply had increased compared with the previous period, the downstream demand was weak, and the enthusiasm for purchasing in the market was general. Due to the resistance to the high price of acetic acid, the trading atmosphere in the market was light. The company had a strong intention to ship. In order to maintain the rhythm of shipments, the quotations continued to be lowered. The mentality of the players in the market was weak, and the market conditions were weak and consolidated.
Market outlook
In the short term, the acetic acid market continues to run in a weak order, and pay attention to the market transaction situation.
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