April 21 (Reuters) - On April 21, the price of acetic acid in North China fell, with the delivered price in surrounding areas around 3,825 yuan per ton, down 250 yuan per ton. Demand for acetic acid was not actively entering the market, trading sentiment was weak, and corporate quotations continued to decline, leading to a weak downward trend in the acetic acid market.
Chempricehub analysis of acetic acid, with a long-short score: -2. The article indicates that the spot price of acetic acid in North China has dropped by 250 yuan per ton to around 3,825 yuan per ton. Demand is not actively entering the market, trading sentiment is weak, and corporate quotations continue to decline, resulting in a weak downward trend. This suggests oversupply or weak terminal demand, posing significant bearish pressure on spot prices, which may continue to face pressure in the short term, affecting market confidence and procurement behavior.
Comments
0