SunSirs--China Commodity Data Group

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SunSirs: On November 1st, the Acetic Acid Market in Shandong Province Was Weak and Declining

November 02 2023 09:49:47     SunSirs (John)

Price trend

On November 1st, the delivery price for acetic acid enterprises in Shandong region was around 2,950 RMB/ton.

Analysis review

Downstream demand was sluggish, with a small number of purchases following up on demand. The market trading atmosphere was light, and the inventory pressure of manufacturers was high. In order to promote shipment, the quotation was constantly moving downwards.

Market outlook

The price trend of hydrofluoric acid will slightly decline in the later stage.

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