Review of domestic acetic acid market prices

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On February 9, demand in the Jiangsu market was below average, the market atmosphere was dull, and there were few large-scale transactions. Supported by the recent slow rise in the price of raw material methanol, this region is expected to maintain a strong trend in the near term, with prices ranging from 2650 to 2750. The trading atmosphere in the Ningbo market has not shown any significant improvement; buyers’ interest in purchasing is low, and there is an ample supply locally. The market is expected to remain stable in the near term, with prices ranging from 2700 to 2800. The trading atmosphere in the downstream markets of the South China region is relatively sluggish; the market supply is ample, and customers tend to adopt a wait-and-see attitude. Demand is expected to start increasing in the future, which will lead to a better atmosphere for negotiations in the market. The price range is 2900–3000. In the North China market, due to poor market conditions, downstream buyers are only interested in low prices; therefore, it is difficult for transaction prices in this region to rise in the short term. The quoted price is 2700–2800.