SunSirs: Market Situation of Acetic Acid in Some Regions of China on April 16th

On April 16th, the acetic acid market in North China remained stable, with delivery prices around 2,765 RMB/ton. Compared to the price on April 14th, the price was raised by 15 RMB/ton. Part of the factories in the area were undergoing maintenance, with enterprises focusing on raising prices and downstream companies following up on market demand. The trading atmosphere on site was still acceptable., In the short term, the price of acetic acid will remain stable and operate in a wait-and-see manner.

On April 16th, the acetic acid market in South China remained unchanged, with a factory price of around 2,750 RMB/ton for self pickup. Compared to the price on April 7th, it was lowered by 50 RMB/ton. The overall utilization rate of on-site equipment capacity was relatively high, the market supply of goods was stable, downstream procurement followed up on demand, and the on-site trading atmosphere was still acceptable. In the short term, the price of acetic acid is operating on a wait-and-see basis.

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