ChemPriceHub Key Alert: Weak Downward Trend in the South China Acetic Acid Market

On February 4, the acetic acid market in South China experienced a decline, with ex-factory prices quoted at approximately 2,575 yuan per ton for self-pickup, down by 50 yuan per ton. The operating rate of acetic acid plants increased, leading to a strong willingness among enterprises to offload inventory. However, downstream demand remained sluggish, resulting in a generally subdued trading atmosphere. The acetic acid market continued its weak downward trend. PriceSeek analysis of acetic acid, with a long-short score of -1.5: The rise in acetic acid operating rates has led to increased supply, and enterprises are eager to sell. However, weak downstream demand and a generally subdued trading atmosphere have contributed to a 50 yuan per ton reduction in ex-factory prices to 2,575 yuan per ton, with the market continuing its weak downward trend. The combined effects of oversupply and insufficient demand have exerted significant downward pressure on spot prices, and it is expected that prices may remain under pressure in the short term.