Acetic acid market was weak on February 28

Trade name: acetic acid

 

Latest price (February 28): 4352 yuan / ton

 

Key points of analysis: today, the price of acetic acid decreased weakly, the average market price in East China decreased by 1.58% in a single day, and the price of acetic acid in domestic areas decreased synchronously, with a decline range of about 100-200 yuan / ton. The market situation was 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, the situation of oversupply is difficult to improve in a short time, and the competitive shipping quotation of acetic acid enterprises is reduced.

 

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

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