ChemPriceHub, October 20 Report:
On October 20, the ex-works price of acetic acid in the Zhejiang region was approximately CNY 4,575/ton, reflecting a decrease of CNY 50/ton. With upstream methanol prices trending downward and cost support weakening, downstream purchasing sentiment remained lackluster. Poor sales performance by traders has led to bearish market psychology among industry participants, resulting in a weak trend for the acetic acid market.
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