According to the Commodity Market Analysis System of Business Society, the average market price on December 18th was 3150 yuan/ton, a decrease of 4.55% compared to the previous working day’s 3300 yuan/ton. The main factory in East China gradually recovered after an unexpected malfunction, and the market supply of goods increased. The northern region was affected by rainy and snowy weather over the weekend, and transportation was restricted. Manufacturers accumulated inventory and had a strong intention to clear inventory. However, downstream customers were affected by buying up but not buying down sentiment, resulting in weak purchasing sentiment, low market trading, poor factory shipments, and a significant decrease in acetic acid prices.
In the future, there is a clear trend of oversupply on the market, and it is expected that the short-term acetic acid market will continue to be weak and consolidate.
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