May 22 News
On May 22, the market price of acetic acid in the Shandong region was approximately 2,920 RMB/ton, down by 40 RMB/ton. Downstream demand followed on a need-to-buy basis, with generally moderate market transaction sentiment. Market participants held a weak sentiment, and the acetic acid market exhibited a consolidating trend.
Chempricehub Commentary on Acetic Acid:
Bullish/Bearish Score: -1
On May 22, the acetic acid market price in Shandong dropped by 40 RMB/ton to around 2,920 RMB/ton. Downstream buyers purchased according to demand, transaction atmosphere was generally moderate, and market sentiment was weak. The market showed a slightly weak consolidating trend, exerting a generally bearish impact on spot acetic acid prices.
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