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China acetic acid market daily

China acetic acid market daily Source: www.ccfgroup.com
Date: 18-07-2012
Visits: 225
Very Poor

Market roundup
On Tuesday, China acetic acid suppliers raised offers slightly as Wujing hasn’t restarted its unit completely. But demand from end-users remained lackluster temporally and dealers still held some inventories, so wiliness on diving up was not apparent and most players maintained cautious mood temporally.

In E.China, as Shanghai Wujing continued to keep its acetic acid unit shutdown, major suppliers revised offers up slightly. But it was heard that Wujing has planned to restart its unit recently, so trading prices stabilized around 2700-2980yuan/mt. In Jiangsu, acetic acid was talked around 2700-2780yuan/mt and in Zhejiang, acetic acid was talked around 2900-2980yuan/mt.

In S.China, acetic acid suppliers kept firm offers temporally. But as the supply was not too tight, downstream buyers remained wait-and-see. Trading prices were pegged around 2900-3000yuan/mt. Some big deals were traded at low-end prices.

In N.China, acetic acid suppliers tended to hike offers, but downstream buyers seemed not interested in diving up. Therefore, talking levels stayed around 2650-2700yuan/mt.
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