On October 8, the price of acetic acid in East China was 3,462.50 RMB/ton, 4.83% higher than that before the National Day.
The price of upstream methanol rose, the cost support was good. During the National Day, the downstream demand was fair, and the enterprise was optimistic. During the National Day, the quotation was raised, and the focus of market negotiation was moved up. But on the whole, the market supply and demand were deadlocked, and downstream demand was limited.
It is expected that the acetic acid market will wait and see for consolidation in the short term, and the price will rise slightly, with specific attention paid to the market transaction.