SunSirs: On September 12th, the Acetic Acid Market Continued to Rise
September 13 2023 15:12:36 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the average market price on September 12th was 4,700 RMB/ton, an increase of 3.30% compared to the previous working day's 4,500 RMB/ton.
Analysis review
Domestic acetic acid manufacturers had low inventory and mainly executed long-term contracts. The market supply was tight, and downstream and traders were actively taking goods. The trading atmosphere on the market iwas improving, and the focus of acetic acid transactions had shifted upward. The industry had a strong upward trend, with manufacturers in Shandong increasing their daily price by 100 RMB/ton.
Market outlook
As of September 12th, the downstream market had shown good enthusiasm for entering the market, with market supply exceeding demand and strong supplier support. It is expected that the acetic acid market will continue to be stronger in the future.
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