February 3rd News
On February 3rd, Shandong Hualu Hengsheng reduced the price of acetic acid by 20 yuan/ton. The current bulk price is 2,800 yuan/ton, with actual transaction prices subject to negotiation.
Chempricehub Analysis of Acetic Acid
Bull-Bear Score: -1
The price of acetic acid has been lowered by 20 yuan/ton to 2,800 yuan/ton, indicating an oversupply in the market or weak demand, putting pressure on spot prices. This price adjustment reflects increased inventory pressure for enterprises or reduced purchasing willingness from downstream sectors, which may suppress trading activity in the spot market in the short term and exert a generally bearish impact on prices.