SunSirs: The Transaction in the Acetic Acid Market was Light in April
May 04 2023 09:33:55
On May 2nd, the benchmark price of acetic acid in SunSirs was 3233.33 RMB/ton, which was the same as at the beginning of this month.
In April, the price trend of acetic acid fluctuated, with an average price of 3283.33 RMB/ton at the beginning of the month and 3233.33 RMB/ton at the end of the month. The overall decline during the month was 1.52%, and the price decreased by 24.10% year-on-year.
At the beginning of the month, acetic acid enterprises resumed production of maintenance equipment, increasing acetic acid supply and sluggish downstream demand. Manufacturers promoted a reduction in shipping prices, and the focus of market transactions shifted downwards.
In the middle of the year, the price of raw material methanol increased, and cost support was positive. Downstream follow-up was active, and acetic acid manufacturers' shipments were smooth, and the price trend continued to rise.
At the end of the month, downstream purchasing enthusiasm weakened, market transactions were light, and the acetic acid market consolidation declined. Analysts from the Business Society believe that some acetic acid companies are operating at low levels due to cost pressures, with no inventory pressure from manufacturers, poor enthusiasm for downstream procurement on the demand side, insufficient transactions on the market, and weak growth.
It is expected that the acetic acid market will mainly consolidate in the future, and specific attention will be paid to downstream follow-up changes.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-03 SunSirs: The Acetic Acid Market Was Stronger and Rising This Week
- 2024-03-27 SunSirs: Downstream Demand Was Insufficient, and the Acetic Acid Market Was Consolidating and Declining
- 2024-01-25 SunSirs: On January 23rd, the acetic acid market in Jiangsu Province significantly increased
- 2024-01-04 SunSirs: Price Summary of Acetic Anhydride Industry Chain On January 3rd
- 2023-12-19 SunSirs: On December 18th, the Acetic Acid Market Significantly Decreased
