The market reported that acetic acid production this week reached 266,100 tons, an increase of 1,600 tons, or 0.60%, from the previous week.
Also, the market reported that acetic acid capacity utilization was 85.24% this week, a decrease of 3.78% from the previous week.
As an integrated internet platform providing benchmark prices, on August 29, the standard price of acetic acid on SunSirs was 2,420 RMB/ton, a 0.83% increase from 2,400 RMB/ton at the beginning of the month.
Application of SunSirs Benchmark Pricing:
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
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