Price trend
On August 21st, the delivery price of acetic acid to surrounding areas of enterprises in Shandong was around 3,625 RMB/ton, with a price increase of 100 RMB/ton.
Analysis review
The bidding prices of major factories in the northwest region continued to rise, with quotes from Shandong enterprises following suit. At the same time, factory inventory was not under pressure, and there was a strong intention for industry players to rise. Downstream market entry followed up on demand, and the supply side news was positive. The acetic acid market was running strongly.
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