According to the monitoring of the bulk data of SunSirs, the average price of acetic acid on November 26 was 6,960 RMB/ton. Compared with the price of 7,220 RMB/ton on November 20, it was reduced by 260 RMB/ton during the week, a decrease of 3.60%. Compared with the previous month’s price, it increased by 2.35%.
The domestic acetic acid market was weakly down. Acetic acid companies on the market were waiting and seeing. The price of acetic acid continued to decrease during the week. Downstream demand was weak. The purchases were mainly based on rigid demand. Acetic acid manufacturers negotiated for shipments. The actual transaction price was low. The domestic acetic acid plant was operating normally and the market supply was stable. The industry had a strong wait-and-see attitude.
On the downstream side, the EA market continued to fluctuate downward this week and the price fell by 0.69% during the week. As of November 26, the price of EA in East China was 9,550 RMB/ton. The main factories were operating stably, the supply of goods was relatively sufficient, the market demand was weak, the new orders were limited, and the EA market was weakly consolidating.Market outlook
The acetic acid analyst of SunSirs believes that the current domestic acetic acid manufacturers’ installations are mostly running stably, the market supply is sufficient, the downstream demand is general, the market new orders are insufficient, and the corporate transaction price is low. In the short term, the acetic acid market will be weak, and it is needed to pay attention to downstream transactions.