On May 24, the acetic acid market was sorted upward

Trade name: acetic acid

 

Latest price (May 24): 5140 yuan / ton

 

Key points of analysis: the market price trend of acetic acid rose slightly today, and the average market price in East China increased by 1.18% compared with the previous working day. The impact of the epidemic situation in Shanghai was weakened, the market trading was smooth, the enterprise inventory was not under pressure, the downstream market was mainly purchased on demand, and the market trading operated smoothly. The market learned that the 1 million ton acetic acid plant of Shandong Yankuang will be stopped for maintenance on the 25th, the market supply may be reduced, and the mentality of the field operators is optimistic, The quotation of acetic acid increased slightly.

 

Future forecast: the short-term acetic acid market will wait and see the consolidation and operation, and it may rise in the future. Pay attention to the market supply.

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