Price trend
The acetic acid market in North China was running steadily, with delivery prices around 3,225 RMB/ton. On July 24th, the price was lowered by 100 RMB/ton.
Analysis review
The market capacity utilization rate was relatively high, manufacturers in North China had sufficient inventory, downstream demand was limited, inventory digestion was the main focus, on-site trading was average, the market in Northwest China was weak, and the market mentality was bearish, coupled with sufficient domestic supply.
Market outlook
In the short term, the acetic acid market in North China is weakly consolidating and operating.
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