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SunSirs: On July 18, the Acetic Acid Market Was Weakly Sorted

July 19 2022 14:31:54     SunSirs (John)

Price trend

On July 18, the price of acetic acid in East China was 3,712.50 RMB/ton, down 1.00% from the previous working day.

Analysis review

Last weekend, some enterprises' acetic acid quotations were lowered. On Monday, the domestic market was sorted out downward. At present, the downstream demand is limited, and there is insufficient follow-up to enter the market. The trading atmosphere in the market is general, and the company's shipments are not good. In order to maintain the rhythm of shipments, the quotations of enterprises are slightly lowered, the supply is strong and the demand is weak, and the mentality of the industry is stalemate.

Market outlook

In the short term, the acetic acid market will wait and see, and pay attention to the market transaction situation.

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