April 2nd News: On April 2nd, the price of acetic acid in the North China region surged significantly, with the delivered price in surrounding areas reaching around 4,650 CNY per ton, marking an increase of 225 CNY per ton. Acetic acid enterprises are experiencing low inventory levels, and the market exhibits a strong inclination to maintain high prices. Companies are actively raising their quotations, and the acetic acid market continues its upward trend. Chempricehub's analysis of acetic acid, with a bullish-bearish score of 2, indicates that spot prices in the North China region have risen sharply by 225 CNY per ton, reaching approximately 4,650 CNY per ton. Low enterprise inventories and a strong market sentiment to uphold prices are driving continuous upward adjustments in quotations, sustaining the upward trajectory of the market. This reflects tight supply and robust demand support, which constitute significant positive factors for acetic acid spot prices, with expectations of further price increases.
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