ChemPriceHub, October 16 — On October 16, the ex-works price of acetic acid in Zhejiang province stood at approximately RMB 4,675 per tonne, reflecting a decrease of RMB 50 per tonne. Weakening upstream methanol prices have reduced cost support, while downstream purchasing sentiment remains lackluster and traders face challenges in moving inventory. Market participants hold bearish expectations, leading to a weak trend in the acetic acid market.
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