On October 13, the benchmark price of acetic acid on SunSirs was 2,640.00 RMB/ton, the same as at the beginning of this month.
On October 13th, acetic acid prices rose in North China, with the delivered price around 2,510 RMB/ton, up 10 RMB/ton. Capacity utilization in the acetic acid market declined, limiting inventory pressure for manufacturers. With downstream companies entering the market based on demand, acetic acid prices are trending upwards and consolidating.
On October 13, the acetic acid market in South China remained stable, with the ex-factory price at around 2,575 RMB/ton for self-pickup. This price increased by 10 RMB/ton compared to the price on October 10. Domestic acetic acid production capacity utilization declined, with downstream companies entering the market and purchasing on demand. Companies were facing minimal inventory pressure, and the acetic acid market is expected to remain stable in the short term.
On October 13, the price of acetic acid in Zhejiang Province was around 2,675 RMB/ton (on-demand), with an increase of 25 RMB/ton compared to the price on October 9. Domestic acetic acid capacity utilization declined, factories faced limited inventory pressure, and downstream companies were entering the market based on demand. The market trading atmosphere was favorable, and the acetic acid market is expected to remain cautious in the short term.
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