January 29 - 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, while enterprise inventories rose. Downstream demand was primarily driven by rigid needs, leading to a weakening market trading atmosphere and a downward trend in acetic acid prices.
Chempricehub's analysis of acetic acid gives a bearish score of -1.5. The report notes that on January 29, the price of acetic acid in Jiangsu region decreased by 10 yuan/ton to around 2,550 yuan/ton. This decline was mainly due to a slight increase in capacity utilization, rising enterprise inventories, and downstream demand being limited to rigid needs, resulting in a weakening market trading atmosphere and a loosening supply-demand relationship. This indicates growing pressure on spot supply and insufficient demand support, with acetic acid prices expected to continue facing downward pressure in the short term, maintaining a weak trend. Based on this, the score of -1.5 reflects a generally bearish impact, primarily driven by deteriorating supply-demand fundamentals, though no major supply-demand imbalance event has occurred.