SunSirs: On August 15, the Acetic Acid Market Dropped Sharply
August 16 2022 10:06:29 SunSirs (John)
Price trend
On August 15, the price of acetic acid in East China was 3,212.50 RMB/ton, down 4.10% from the previous working day.
Analysis review
The price of acetic acid in acetic acid enterprises dropped sharply over the weekend, and the acetic acid market continued to run weakly. There WAs sufficient supply in the market, and the downstream demand WAs limited. In order to maintain the rhythm of shipments, the stockholders were actively shipping with profits-cutting. The focus of the market had shifted downward, and the supply and demand in the market was in the game.
Market outlook
It is unlikely that the downstream demand will improve in the short term, and the market support is weak. It is expected that the acetic acid market will continue to run weakly, and pay attention to the market transaction situation.
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