January 23 — On January 23, the price of acetic acid in North China fell, with the delivered price in surrounding areas around 2,770 yuan/ton, down 35 yuan/ton. The operating rate of acetic acid plants increased slightly, downstream demand remained mainly rigid, enterprise shipments were moderate, and market sentiment was subdued. The acetic acid market trend consolidated downward.
Chempricehub analysis of acetic acid, with a long-short score: -1. The article points out that the price of acetic acid in North China fell by 35 yuan/ton to 2,770 yuan/ton. A slight increase in operating rates led to higher supply, but downstream demand was limited to rigid needs, enterprise shipments were moderate, and market sentiment was subdued, resulting in an overall downward consolidation of the market. This indicates that oversupply and weak demand are exerting bearish pressure on the spot price of acetic acid. A score of -1 represents a generally bearish impact, and it is expected that the spot price may continue to face pressure in the short term.