On October 20, the market price of acetic acid continued to decline

Trade name: acetic acid

Latest price (October 20): 7610.00 yuan / ton

Key points of analysis: the acetic acid market fell on the 20th. The average price of acetic acid in East China decreased by 330 yuan / ton, down 4.16%. Downstream, the demand is average, the response to high price acetic acid is weak, the market procurement is rational, the actual transaction is more negotiated, the transaction of new orders in the market is not smooth, the inventory of acetic acid manufacturers accumulates, the market price continues to decline, and the on-site operators are deadlocked in the market mentality.

Future forecast: at present, the downstream demand is weak, and the domestic acetic acid market inventory is accumulated. In order to maintain the shipment, the enterprise is expected to continue the weak consolidation of the future acetic acid market, and pay attention to the downstream transaction.

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