Since last week, the domestic acetic acid market has begun to decline. As of today, the mainstream prices in East China and South China markets have fallen by 150 yuan/ton, while North China has remained at a high point.
In the latter stage, the main downstream PTA demand is relatively stable. Other downstream sources, such as acetate and acetic anhydride, face multiple pressures of high cost pressures and poor sales of finished products. The start-ups have different levels of decline, just need to be weak and bearish. Under the mood of the market outlook, the suppliers will have a strong desire to ship, and the buyers will be cautious in purchasing. It is expected that there will still be room for decline in the latter period.