On August 19th, the benchmark price of acetic acid in Shangshang Society was 3816.67 RMB/ton, an increase of 24.46% compared to the beginning of this month (3066.67 RMB/ton).
Recently, the domestic acetic acid market has continued to be strong and upward, with manufacturers raising their prices by 200 RMB/ton. Some domestic acetic acid plants have been shut down to maintain their initial load, with manufacturers having low inventory and long contracts. The supply of goods in the market is tight, and some holders are reluctant to sell, pushing up prices. At the same time, the bidding prices of major manufacturers in the northwest continue to rise, while other regions have followed suit. The trend of acetic acid prices has significantly increased. At present, there is strong support from the positive supply side, and the market has a clear intention to support prices. At the same time, the sentiment of buying up or not buying down is also affected, and it is expected that the short-term acetic acid market will continue to be strong.
