On January 29, the price of acetic acid in Jiangsu region was around 2,550 yuan/ton, down by 10 yuan/ton. The capacity utilization rate of the acetic acid market slightly increased, and enterprise inventories rose. Downstream demand was primarily driven by rigid needs, leading to a weaker market trading atmosphere and a downward trend in acetic acid prices. PriceSeek's analysis of acetic acid gives a bearish score of -1.5. The article notes that on January 29, the price of acetic acid in Jiangsu region decreased by 10 yuan/ton to around 2,550 yuan/ton, mainly due to a slight increase in capacity utilization, rising enterprise inventories, and downstream demand being limited to rigid needs, which weakened market trading activity and eased supply-demand dynamics. This indicates increased supply pressure in the acetic acid spot market and insufficient demand support, suggesting that acetic acid prices are likely to remain under downward pressure in the short term, maintaining a weak trend. Based on this, the score of -1.5 reflects a generally bearish impact, primarily due to deteriorating supply-demand fundamentals, though no major supply-demand imbalance event has occurred.
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