On February 4, the market price of acetic acid in Shandong region was around 2,600 yuan per ton, with a decrease of 40 yuan per ton. The trading atmosphere for acetic acid in Shandong was relatively weak, downstream demand was subdued, and companies faced restrictions in shipments. The trading focus for acetic acid continued to decline. PriceSeek analyzed acetic acid with a bearish score of -1. The article pointed out that the spot price of acetic acid in Shandong decreased by 40 yuan per ton to around 2,600 yuan per ton, with a weak trading atmosphere, subdued downstream demand, and restrictions on company shipments, leading to a continued decline in the trading focus. This indicates an imbalance in supply and demand in the acetic acid market, with insufficient demand causing continuous price declines, which generally exerts a bearish impact on spot prices. The score of -1.0 reflects the suppressing effect of weak demand on prices.
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