Last week, the domestic acetic acid market rose strongly, but the gains were modest but robust. Recently, some acetic acid plants in China were shut down for maintenance, and the inventory of acetic acid factories declined. Together with the increase in the prices of upstream raw materials, the cost of acetic acid products was increased. Manufacturers used price increase to shift cost pressures, driving market prices to continue to rise.
The market of acetic acid in east China is firm and prices continue to rise. The acetic acid manufacturers continued to increase their quotations; the downstream product prices oscillated higher, providing an impetus for the acetic acid market to rise; traders shipped smoothly and quotations increased. At present, the mainstream market price in East China is 2950-3100 yuan/ton.
The acetic acid market in South China oscillated higher and prices rose steadily. The supply of the market is normal, the atmosphere of negotiation is acceptable, and the end users purchase the goods smoothly. The mainstream price is between RMB 3,000 and RMB 3,100 per ton.
The acetic acid market in North China was steady and prices continued to rise. Normal market stocks, increased ex-factory prices of acetic acid, and rising port prices contributed to an active atmosphere for market negotiations; traders shipped smoothly and quotations continued to increase. The mainstream price is 2950 to 3,050 yuan/ton.
It is expected that the market price of acetic acid will continue to fluctuate upward in the context of the overall increase in the price of chemical products.
The market of acetic acid in east China is firm and prices continue to rise. The acetic acid manufacturers continued to increase their quotations; the downstream product prices oscillated higher, providing an impetus for the acetic acid market to rise; traders shipped smoothly and quotations increased. At present, the mainstream market price in East China is 2950-3100 yuan/ton.
The acetic acid market in South China oscillated higher and prices rose steadily. The supply of the market is normal, the atmosphere of negotiation is acceptable, and the end users purchase the goods smoothly. The mainstream price is between RMB 3,000 and RMB 3,100 per ton.
The acetic acid market in North China was steady and prices continued to rise. Normal market stocks, increased ex-factory prices of acetic acid, and rising port prices contributed to an active atmosphere for market negotiations; traders shipped smoothly and quotations continued to increase. The mainstream price is 2950 to 3,050 yuan/ton.
It is expected that the market price of acetic acid will continue to fluctuate upward in the context of the overall increase in the price of chemical products.
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