SunSirs: Market Situation of Acetic Acid in Some Regions of China on November 5th
November 06 2024 09:14:04 SunSirs (John)
On November 5th, the acetic acid market in North China continued to decline, with delivery prices around 2,710 RMB/ton and a price reduction of 15 RMB/ton. The enthusiasm of downstream factories and traders to enter the market was not high, the market trading atmosphere continued to be light, the shipment of enterprises was poor, actual transactions were limited, the market trading focus was low, and the acetic acid market was running weakly.
On November 5th, the acetic acid market in South China remained stable, with a factory price of around 2,725 RMB/ton for self pickup. On November 4th, the price dropped by 50 RMB/ton. The downstream mainly focused on digesting inventory, and the enthusiasm for entering the market was not high. The market trading atmosphere was light, with poor shipments from enterprises and a low focus on market transactions. In the short term, the price of acetic acid is running steadily.
On November 5th, the price of acetic acid in Jiangsu region was around 2,560 RMB/ton for self pickup, and the market price was lowered by 15 RMB/ton. Downstream factories and traders had low demand, the market trading atmosphere was average, and enterprise shipments were poor. The focus of transactions continued to shift downwards, and the acetic acid market was running weakly.
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