Price trend
On July 20th, the acetic acid market in Jiangsu region was weak. The price of acetic acid in Jiangsu region was around 3,050 RMB/ton for self delivery.
Analysis review
Some acetic acid plants on site had resumed operation, leading to an increase in market supply. In addition, due to insufficient downstream demand, the market trading atmosphere was light, and the mentality of the industry was not good. Acetic acid holders actively negotiated shipment, but the trading atmosphere was general and the focus of acetic acid transactions shifted downward.
Market outlook
In the short term, the acetic acid market will be sorted out on a wait-and-see basis.
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