SunSirs: Market Situation of Acetic Acid in Some Regions of China on February 20th

On February 20th, the acetic acid market in South China continued to rise, with a factory price of around 3,000 RMB/ton for self pickup. The utilization rate of domestic production capacity has decreased, the market supply of goods has tightened, 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 still acceptable. Acetic acid prices were relatively stronger and upward.

On February 20th, the acetic acid market in North China remained stable, with delivery prices around 2,805 RMB/ton. On February 19th, the price was raised by 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 decreased. The supplier's mentality was firm, and the short-term acetic acid price was stronger.

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