February 4th News — On February 4th, the price of acetic acid in North China declined, with the delivered price in surrounding areas around 2,595 yuan/ton, down by 10 yuan/ton. The utilization rate of acetic acid production capacity increased, and enterprises showed strong willingness to sell. However, downstream demand weakened, and market trading activity remained subdued, leading to a continued downward trend in the acetic acid market.
Chempricehub Analysis of Acetic Acid — Bull-Bear Score: -1
The article reports a decline in the spot price of acetic acid in North China, with the delivered price in surrounding areas dropping by 10 yuan/ton to around 2,595 yuan/ton. This is primarily due to an increase in acetic acid production capacity utilization and a strong willingness among enterprises to sell, leading to higher supply. At the same time, downstream demand has weakened, and market trading activity remains sluggish, resulting in a continued downward trend in the acetic acid market. This significantly weighs on the spot price of acetic acid, and it is expected that prices may remain under pressure in the short term, with oversupply and weak demand factors intensifying market pessimism.