BEIJING, March 23 /PRNewswire-Asia/ -- Frbiz.com, one of China's leading B2B search platforms, analyzes acetic acid market trends.
Chinese acetic acid plants are operating as usual, and some manufacturers' sales have slowed, so inventory will increase accordingly. This week, the main acetic acid plants in Jiangsu Province have been operating as usual, with regular factory stocks and stable shipping, with a quotation in the 3,400- 3,500 yuan / ton range, unchanged from a week earlier. Acetic acid plants in east China have been operating as usual, and quotations are down 100 yuan compared with a week ago. Henan's acetic acid plants are operating as usual, stock has rebounded, and the quotation is 3,300-3,400 yuan / ton, down 100 yuan / ton. Hebei's main acetic acid plants' production is stable, and the average quotation is 3,300-3,350 yuan / ton, which has leveled off from a week ago.
The acetic acid market this week is quiet in East China, as prices gradually lower. Because the arrival of some imported cargo has led to a general supply increase, end-buyers are very cautious, reducing the volume of their acetic acid (http://www.frbiz.com/catalog-05000000-1/Chemicals.html ) purchases, so the market transaction volume is relatively low. Currently, the average price in East China is 3,100-3,350 yuan / ton, down 100 yuan. In Jiangsu, the mainstream quotation is 3,100-3,200 yuan / ton; Ningbo's average quotation is 3,200-3,350 yuan / ton. In Shandong, market supply is slightly relaxed, and the quotation is 3,050-3,100 yuan / ton.
This week, the acetic acid market in southern China is in a downturn, as prices have gradually fallen. In the past few weeks, a greater market supply has led to a decline in East China market trends, causing many buyers to take a wait and see approach, so market transactions have decreased, traders have reduced shipments, and quotes have gradually declined to an average of 3400 from 3500 yuan / ton more than a week ago.
This week, the acetic acid market in north China is slightly weak. Market supply is relatively stable. The buyers have intent to purchase, but they are few, and the general atmosphere of market transactions is dampened. At present, traders' sales are basically stable, and there is not much pressure from increasing inventory, but quotations have slightly declined. Average prices are 3,050-3,100 yuan / ton, down 50 yuan / ton from the previous week.
Currently, the demand for acetic acid is weak downstream, and buyers' purchasing activity is weak, so the market volume has gradually shrunk. Chinese acetic acid manufacturers' overall inventory has gradually increased, and shipments have begun to slow.
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SOURCE Frbiz.com
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