Acetic acid market was weak on February 22

Trade name: acetic acid

 

Latest price (February 22): 4692 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 2.66% in a single day, and the price of acetic acid in domestic areas has been greatly reduced, with a decline range of about 350-400 yuan / ton, so the market situation is obviously weak. At present, the operating rate of acetic acid is high, the operation of enterprises is stable, the market supply is sufficient, the downstream demand continues to be weak, mainly digesting the early orders, the atmosphere of new orders in the market is light, the inventory of acetic acid enterprises is accumulated, and under the oversupply, the carriers compete passively, and the shipping quotation is reduced.

 

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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