On February 21, the price of acetic acid decreased significantly

Trade name: acetic acid

 

Latest price (February 21): 4820 yuan / ton

 

Key points of analysis: today, the price of acetic acid has been greatly reduced. The average market price in East China has decreased by 3.60% in a single day. The price of acetic acid in domestic areas has been generally reduced by about 200-400 yuan / ton. The market is weak. At present, the operating rate of acetic acid is high, the operation of enterprises is stable, the market supply is sufficient, and the downstream demand is weak. It is mainly to digest the early orders. The atmosphere for the transaction of new orders in the market is light, the inventory of acetic acid enterprises is accumulated, and the shipping quotation is reduced due to the passive competition of cargo holders.

 

Future forecast: the short-term acetic acid market will continue to be weak, and the specific attention will be paid to the market supply.

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