SunSirs: Acetic Acid Market in Various Regions of China

On August 15th, acetic acid prices in North China declined, with the local delivered price at around 2,215 RMB/ton, a decrease of 30 RMB/ton. Acetic acid production capacity utilization increased, market supply increased, and sentiment among businesses weakened. Downstream inquiries were muted, leading to a weak downward trend in the acetic acid market.

On August 15th, the price of acetic acid in Jiangsu was around 2,200 RMB/ton for on-demand delivery. This price decreased by 5 RMB/ton on August 13th. Acetic acid plant operating rates were high, market supply was ample, and downstream buyers were purchasing on demand. Trading sentiment was subdued, leading to a weak and stable short-term acetic acid market.

On August 15th, the price of acetic acid in Zhejiang was around 2,425 RMB/ton for on-demand delivery. This price decreased by 15 RMB/ton on August 4th. Domestic plant operating rates increased, market supply was ample, and trade sentiment among traders was muted. Downstream buyers were primarily purchasing on demand, leading to a subdued trading atmosphere. The short-term acetic acid market is expected to remain cautious and consolidate

On August 15, the acetic acid market in South China declined, with the ex-factory price reported at around RMB 2,350/ton for self-pickup, a price reduction of RMB 25/ton. The operating rate of domestic acetic acid plants increased, the market supply was sufficient, the mentality of enterprises weakened, the enthusiasm of downstream companies to enter the market was not high, the trading atmosphere in the market was poor, and the price of acetic acid declined weakly.

On August 15th, the market price of acetic acid in the Shandong region was around 2240 RMB/ton, a decrease of 30 RMB/ton. The domestic production capacity utilization rate of acetic acid has increased, the market supply of goods has increased, the mentality of enterprises has become weaker, the enthusiasm of downstream enterprises to enter the market is not high, and the market trading atmosphere is relatively淡. The acetic acid price trend is weak and downward.

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