On January 13th, the domestic acetic acid market saw some regional variations. The benchmark price for acetic acid, according to SunSirs, was 2,806.67 RMB/ton, an increase of 2.06% compared to the beginning of the month (2,750.00 RMB/ton).
On January 13th, acetic acid prices in North China rose, with delivered prices in surrounding areas around 2,730 RMB/ton, an increase of 30 RMB/ton. Acetic acid production rates were not high, downstream demand remained stable, and manufacturers showed a strong inclination to raise prices, resulting in a generally strong upward trend in the acetic acid market.
On January 13th, the market price of acetic acid in Shandong province was around 2,700 RMB/ton, an increase of 20 RMB/ton. Acetic acid prices in Shandong are firming up, supported by stable downstream demand and low inventories at manufacturers. Market sentiment was positive, and the acetic acid market was trending upwards.
On January 13th, the price of acetic acid in the Jiangsu region was around 2,600 RMB/ton, an increase of 25 RMB/ton compared to January 6th. The acetic acid market was experiencing low capacity utilization, downstream demand remained relatively stable, and company inventories had decreased. Industry participants were optimistic, and acetic acid prices are expected to remain stable in the short term.
On January 13th, the acetic acid market in South China saw an increase in prices, with ex-factory prices reported at around 2,650 RMB/ton (self-pickup), an increase of 25 RMB/ton. Acetic acid production rates were not high, market sentiment was bullish, downstream demand was stable, and company inventories were low, resulting in a strong performance in the acetic acid market.
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