SunSirs: Market Situation of Acetic Acid in Some Regions of China on February 25th

On February 25th, the acetic acid market in southern China remained unchanged, with a factory price of around 3,000 RMB/ton for self pickup. The utilization rate of domestic production capacity has declined, and there was no pressure on market supply of goods. Factories maintained a focus on shipments, while downstream entry into the market was mainly based on demand. Enterprise shipments were still acceptable. In the short term, the price of acetic acid will remain stable and operate in a wait-and-see manner.

On February 25th, the price of acetic acid in Jiangsu region was around 2,825 RMB/ton for self pickup, with a price reduction of 25 RMB/ton. The market supply of goods was stable, factory inventory was not under pressure, downstream entry into the market followed up on demand, the market trading atmosphere was weak, and the mentality of operators was conflicted, resulting in a downward adjustment of acetic acid prices.

On February 25th, 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. The trading atmosphere in the market was relatively weak, and the supplier's mentality was wait-and-see. The price of acetic acid will remain stable in the short term.

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