SunSirs: On March 24, the Acetic Acid Market Was Sorted Up
March 25 2022 10:08:04 SunSirs (John)
Product Name: Acetic Acid
The latest price (March 24): 5,110 RMB/ton
Analysis review
On the 24th, the price of acetic acid was on the upward trend. The average market price in East China increased by 2.82% in a single day. Due to the overhaul of acetic acid in Nanjing Acetyl and Shanghai Huayi, the supply of acetic acid in East China was tight, which boosted the mentality of the industry. The quotations in other parts of the country were raised, and the downstream on-demand purchased rationally. The industry's mentality was optimistic, and the market sentiment was mainly wait-and-see.
Market outlook
In the short term, the acetic acid market may rise slightly on a wait-and-see basis, with specific attention to market supply.
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