On July 23, the benchmark price for acetic acid (as tracked by SunSirs) was 3,230.00 RMB/ton, an increase of 5.67% compared to the beginning of the month (3,056.67 RMB/ton).
On July 23, the acetic acid market in South China remained stable, with ex-factory prices quoted at approximately 2,975 RMB/ton (ex-works/self-pickup); the price had been lowered by 50 RMB/ton on July 22. Inventory pressure remains manageable, and downstream buyers are purchasing on an as-needed basis. With market trading activity remaining moderate, the acetic acid market is operating steadily.
On July 23, the market price of acetic acid in the Shandong region stood at approximately 3,100 RMB/ton, following a 15 RMB/ton increase on July 15. Downstream demand is driving procurement, market trading activity is decent, and corporate quotes remain stable; the acetic acid market is expected to maintain steady performance in the short term.
On July 23, the price of acetic acid in the Jiangsu region stood at approximately 2,915 RMB/ton, following a 10 RMB/ton reduction on July 22. Downstream demand is driving procurement, market trading activity is moderate, and corporate quotes remain stable; the acetic acid market is operating steadily.
On July 23, the ex-works price of acetic acid in the Zhejiang region stood at approximately 3,125 RMB/ton, following a 25 RMB/ton reduction on July 20. Producers face little inventory pressure, while downstream buyers are making purchases based on actual needs; market participants are aligning their strategies with prevailing conditions, and the market is currently in a wait-and-see mode.
On July 23, acetic acid prices in North China declined; delivered prices in the surrounding region settled at approximately 3,050 RMB/ton, down 30 RMB/ton from the previous trading day. Acetic acid producers face manageable inventory pressure, while downstream buyers are purchasing on an as-needed basis. Market sentiment remains lukewarm, and the downward trend in acetic acid prices continues.
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