SunSirs: The Acetic Acid Market in Some Regions of China on October 10th
October 11 2024 09:18:19 SunSirs (John)
On October 10th, the acetic acid market in South China remained stable for the time being. The ex factory price was quoted to be around 2,975 RMB/ton for self pickup. Compared to the price on October 9th, it dropped by 125 RMB/ton. The factory inventory was still acceptable, and active shipments were maintained. Downstream demand was weak, and the market trading atmosphere was quiet. Acetic acid transactions were insufficient, and the price of acetic acid was temporarily stable on a wait-and-see basis in the short term.
The acetic acid market in North China was temporarily stable, with delivery prices around 3,125 RMB/ton. On October 9th, the price was lowered by 25 RMB/ton. The inventory of the enterprise was still acceptable, maintaining active shipment. The demand from downstream factories and traders was average, and the market trading atmosphere was relatively weak. In the short term, the acetic acid market is stable and wait-and-see.
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