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On June 9, the benchmark price for acetic acid was 2,900.00 RMB/ton, a decrease of 4.61% compared to the beginning of the month (3,040.00 RMB/ton).
On June 9, the acetic acid market in South China remained stable, with ex-factory prices quoted at approximately 2,750 RMB/ton (ex-works/self-pickup)—a decrease of 50 RMB/ton compared to June 5. Downstream demand is proceeding on an as-needed basis, and market sentiment is reasonably positive; in the short term, the market is expected to remain stable as participants implement a wait-and-see approach.
On June 9, the ex-works price of acetic acid in the Zhejiang region was around 2,860 RMB/ton, a decrease of 15 RMB/ton compared to June 8. Domestic downstream demand remains moderate, with market activity primarily driven by price negotiations; producer quotes remain stable to the time being, and the market is expected to consolidate in the short term.
On June 9, the price of acetic acid in the Jiangsu region stood at approximately 2,660 RMB/ton, a decrease of 15 RMB/ton from June 8. Downstream demand is following through as needed, and market trading activity remains decent; acetic acid prices are currently stable, with the market expected to undergo consolidation in the short term.
On June 9, the market price of acetic acid in the Shandong region stood at approximately 2,780 RMB/ton, marking an increase of 30 RMB/ton. While downstream demand remained moderate, market trading activity was decent; with major production facilities undergoing brief shutdowns and sector players maintaining a bullish sentiment, the acetic acid market trended upward.
On June 9, acetic acid prices in North China rose; delivered prices in the adjacent region reached approximately 2,780 RMB/ton, marking an increase of 30 RMB/ton. Downstream buyers are purchasing on an as-needed basis, while high feedstock costs are bolstering market sentiment, leading to a direction of firm consolidation in the acetic acid market.
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