Trade name: acetic acid
Latest price (March 21): 4920 yuan / ton
Key points of analysis: today’s acetic acid price market continues to wait and see, sorting and operation. The average market price in East China has increased by 0.41% in a single day. Affected by the epidemic situation in various regions, logistics and transportation are blocked, the downstream purchase demand is weakened, and rationality just needs to be followed up. However, there are market news release, and there may be factory shutdown and maintenance in the near future. The operator’s mentality is optimistic, and the overall market is mainly wait and see.
Future forecast: the short-term acetic acid market is in a stalemate or rises slightly. Pay attention to the market supply.
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