Overview of the domestic acetic acid market situation

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Although domestic prices of glacial acetic acid have risen since then, the downstream industry has remained calm in response, with little evidence of a rush to make purchases. Suppliers generally report that most downstream customers continue to follow a procurement rhythm of ordering based on demand. Industry feedback suggests that this may be related to the fact that most buyers still hold a certain amount of raw material inventory, and their optimism regarding market trends is also limited. The market closing prices today are as follows: East China saw an increase of 50–100 yuan per ton, reaching 3200–3450 yuan per ton; South China remained stable at 3500–3700 yuan per ton; in North China, the premium grade saw an increase of 50 yuan per ton, reaching 3000–3100 yuan per ton. 　　East China: Although the major acetic acid manufacturers in East China announced further price increases during the day, with some increases reaching as much as 200 yuan per ton, the actual increase reflected in market prices was around 50–100 yuan per ton. The market closed at 3200–3300 yuan per ton in Jiangsu, with lower-end prices rising by 50 yuan per ton ； In Zhejiang, the price increased by 100 yuan per ton, reaching 3,350–3,450 yuan per ton; there were few discussions regarding high-end products. At the same time, there was little change in the atmosphere of market trading; while buyers remained cautious, their purchasing attitude stayed reserved, and the tendency to buy at higher prices was not widespread. 　　South China: The market price of glacial acetic acid in South China remains stable at 3,500–3,700 yuan per ton, with few negotiations for higher-quality products. Industry feedback indicates that most acetate manufacturers are reluctant to purchase new raw materials at significantly higher prices at this time, as their current inventory of raw materials has not yet been exhausted; as a result, there are few new negotiations in the market, with downstream clients mainly focusing on inquiries. 　　North China: Driven by further price increases from local suppliers, the premium price of glacial acetic acid in North China rose slightly by 50 yuan per ton, reaching 3000–3100 yuan per ton. It is reported that at present there are only a few negotiations at these higher prices, with the prevailing price level being around 3050 yuan per ton. In addition, the market price in Shandong rose by 50 yuan per ton during the day, reaching 3050–3150 yuan per ton. Overall, the intention to place orders from downstream parties has remained largely unchanged, with purchases being made on a demand-based basis.