Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price on December 18th was 3,150 RMB/ton, a decrease of 4.55% compared to the previous working day's 3,300 RMB/ton.
Analysis review
The main factory in East China gradually recovered after an unexpected malfunction, and the market supply of goods increased. The northern region was affected by rainy and snowy weather over the weekend, and transportation was restricted. Manufacturers accumulated inventory and had a strong intention to clear inventory. However, downstream customers were affected by buying up but not buying down sentiment, the sentiment of purchasing goods was weak, market trading as sluggish, manufacturers had poor shipments, and the price of acetic acid had significantly decreased
Market outlook
Looking at the future market, there is a clear trend of oversupply on the exchange, and it is expected that the acetic acid market will continue to consolidate weakly in the short term.
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