Summary of the current situation of Acetic Acid July 13, 2020
Acetic acid continued its upward trend this week. As the downstream demand is stable and the plants maintain a tight delivery situation, plus Thorpe accidentally stopped for several days, thus the market situation becomes tighter.
Most acetic acid plants mainly supply downstream customers. Due to the tight inventories, the plants continuously raised their selling price.
In the second half of the week, Thorpe returned to normal production. However, the factory's tight delivery situation remained and the factory's offer was firm. Till to this Friday, the market price in East China is 2740-2780 yuan/ton, North China area 2500-2550 yuan/ton; 2550-2600 yuan/ton in South China.