April 23 News
On April 23, the acetic acid price in Zhejiang region was around 3,650 RMB/ton (ex-works), down by 250 RMB/ton. The domestic operating rate of acetic acid increased, while downstream market trends weakened, resulting in sluggish demand for market entry and a bearish market sentiment. The acetic acid market showed a weak downward trend.

According to Chempricehub's analysis of acetic acid, the bullish/bearish score is -2. The article indicates that the spot price of acetic acid in Zhejiang decreased by 250 RMB/ton to 3,650 RMB/ton. The rise in domestic operating rates led to increased supply, while weak downstream demand and insufficient purchasing activity dampened market sentiment, leading to a downward trend. This reflects the dual pressures of oversupply and shrinking demand, posing a significant bearish impact on the spot price of acetic acid. It is expected that prices may continue to face downward pressure in the short term.