On January 29, the price of acetic acid in North China declined, with the delivered price in surrounding areas around 2,700 yuan/ton, down by 30 yuan/ton. The utilization rate of acetic acid production capacity increased, leading to a rise in market supply. Downstream buyers made purchases based on demand, resulting in a subdued trading atmosphere. Enterprise shipments weakened, and the acetic acid market trended downward weakly. PriceSeek analysis of acetic acid, with a bullish-bearish score: -1. The article points out that the price of acetic acid in North China fell by 30 yuan/ton to around 2,700 yuan/ton, mainly due to increased production capacity utilization leading to higher market supply. Downstream demand only followed up as needed, with a poor trading atmosphere and weakened enterprise shipments, resulting in a weak downward trend. This indicates that oversupply and weak demand exert significant downward pressure on spot prices, and prices are expected to remain under pressure in the short term, representing a generally bearish impact.
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