On March 25th, the market price of acetic acid in Shandong was around 2,750 RMB/ton. Over the weekend, market prices have decreased, leading to stable operations of major factories and increased supply of goods in the market. As a result, there was significant sales pressure on enterprises, and downstream market entry was being followed up as needed, resulting in limited actual transactions. The price of acetic acid will remain stable in the short term.
On March 25th, the acetic acid market in North China remained unchanged, with delivery prices around 2,710 RMB/ton. Compared to the price on March 20th, the price was reduced by 15 RMB/ton. The factory equipment ran smoothly, the market supply of goods increased, downstream demand was weak, enterprise shipments were poor, and the trading atmosphere on site was weak. In the short term, the price of acetic acid is operating on a wait-and-see basis.
On March 25th, the acetic acid market in southern China remained stable, with a factory price of around 2,850 RMB/ton for self pickup. Compared to the price on March 20th, the price was lowered by 25 RMB/ton. The on-site equipment operation was stable, the market supply increased, downstream demand was weak, and the on-site trading atmosphere was average. Enterprise shipments were poor, and the short-term acetic acid price remained on the sidelines.
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