February 28th News
On February 28th, the market price of acetic acid in the Shandong region was around 2,650 yuan per ton, down by 25 yuan per ton. Acetic acid producers faced sluggish shipments, leading to a downward shift in quoted prices. Downstream buyers entered the market primarily based on demand, resulting in a subdued trading atmosphere. The price of acetic acid consolidated and moved lower.

Chempricehub Analysis of Acetic Acid
Bull-Bear Score: -1.5
The price of acetic acid decreased by 25 yuan per ton to around 2,650 yuan per ton. Producers experienced poor shipment performance, with quoted prices shifting downward. Downstream buyers entered the market for procurement based on demand, leading to a subdued trading atmosphere and a consolidation of prices at lower levels. This indicates a relatively oversupplied spot market for acetic acid, coupled with weak demand, resulting in significant short-term price pressure. The score of -1.5 reflects a generally strong bearish influence. It is expected that spot prices may continue to consolidate weakly in the near term.