Sinochem Xinhua News last week, the domestic acetic acid market continued to weaken, prices slightly lower. The supply of the market was sufficient, and there was no obvious improvement in the downstream demand. Traders waited and watched heavily. The terminal factory digested the inventory and the transaction volume continued to shrink. However, due to the cost of the current price of acetic acid has a strong support role, acetic acid manufacturers steady sales, making short-term acetic acid trend is expected to maintain a narrow range of finishing up and down space is not.
Last week, the acetic acid market in East China was depressed and the price was slowly falling. Downstream demand was relatively weak, trading volume gradually shrank, market supply was sufficient, and active buying was lacking; traders shipped poorly, lack of confidence, and prices continued to fall. The mainstream market price is 2600-2750 yuan.
Acetic acid market in southern China oscillated in a narrow range and prices fluctuated slightly. The market supply was very stable, and the downstream demand did not change much. The terminal buyers purchased in small quantities and the trading volume was low. The traders shipped more stable and their attitudes remained on the sidelines, and the price remained steady. The mainstream price is between 2900 and 3,000 yuan.
The acetic acid market in North China was operating weakly and the prices fell slightly. The atmosphere of the market transaction was light, and the cash supply was very abundant. The poor downstream construction led to lack of buyer intention to enter the market, and the main reason was to buy on demand; traders were not able to ship smoothly, and the quotation fell slightly. The mainstream price is between 2600 and 2650 yuan, down 50 yuan from the previous week.
