On October 25, the market price of acetic acid continued to decline

Trade name: acetic acid

Latest price (October 25): 7000.00 yuan / ton

Key points of analysis: the acetic acid market continued to decline on the 25th. The average price of acetic acid in East China decreased by 240 yuan / ton compared with the previous working day, down 3.31%. The downstream demand is general, the market purchase is light, the downstream purchase is rational, the transaction of new orders in the market is not smooth, and the inventory of acetic acid manufacturers is accumulated. In order to maintain the shipment, the enterprise quotation continues to be reduced, and the market mentality of the field operators is weak.

Future forecast: at present, the downstream demand continues to be weak, the inventory in the domestic acetic acid market continues to accumulate, and the oversupply situation cannot be improved for the time being. It is expected that the future acetic acid market will continue to be weak, and the specific attention will be paid to the downstream transaction.