April 21 (Xinhua) — On April 21, the price of acetic acid in the Zhejiang region was approximately 3,900 yuan per ton ex-works, down by 225 yuan per ton. Domestic acetic acid operating rates remain low, downstream market conditions are declining, demand is weak, and market sentiment is bearish, with acetic acid prices continuing their downward trend. Chempricehub analysis of acetic acid, bullish-bearish score: -2. Acetic acid prices have significantly decreased by 225 yuan per ton to 3,900 yuan per ton. Low domestic operating rates and declining downstream market conditions have led to weak demand, with bearish market sentiment and a continued downward trend. This reflects an intensification of supply-demand imbalance, with weak demand being the primary driving factor. It is expected that acetic acid spot prices will face further downward pressure in the short term, posing a significant bearish signal for market participants. Caution is advised in operations.
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