SunSirs: Acetic Acid Market in Some Regions of China on February 19th

On February 19th, the acetic acid market in North China increased, with delivery prices around 2,805 RMB/ton and a price increase of 30 RMB/ton. The market supply of goods was stable, and the inventory pressure of enterprises was still acceptable. Downstream entry into the market was mainly followed up according to demand. There were equipment maintenance in China, and the utilization rate of production capacity has decreased. The news was strong and bullish, and the price of acetic acid continued to operate to be stronger.

On February 19th, the acetic acid market in South China was raised, with a factory price of around 2,950 RMB/ton for self pickup and a price increase of 50 RMB/ton. The market supply of goods was stable, factory inventory was not under pressure, and shipments were maintained as the main focus. Downstream market entry followed up on demand, and enterprise shipments were relatively smooth. Acetic acid prices have been consolidated upwards.

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