April 21st News: On April 21st, the acetic acid market in South China continued its downward trend, with ex-factory prices reported at around 3,750 RMB/ton for self-pickup, marking a decrease of 200 RMB/ton. Acetic acid operating rates remain low, downstream demand is weak, and market trading activity is subdued, leading to a continued decline in acetic acid market conditions. Chempricehub's analysis of acetic acid gives a bearish score of -1.5. The article notes that ex-factory prices for acetic acid in South China are reported at 3,750 RMB/ton, down by 200 RMB/ton, with low operating rates and weak downstream demand, resulting in subdued market trading activity and a continued downward trend. This indicates that acetic acid supply is relatively ample while demand is insufficient, leading to increased inventory pressure and bearish pressure on spot prices. The score of -1.5 reflects a relatively strong bearish sentiment, as the price decline is significant (approximately 5.3%) and the trend of weak demand persists, though it has not reached the level of an extreme event.
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