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Acetic acid price increases in Europe and Asia-Pacific were moderate in the first week of January **** in response to increased demand, but higher logistics costs associated with supply chains. Seasonal holidays in China and the US meant that buyers returned to the market with lower inventories, along with tightening global markets for acetic acid, contributing to a bullish market trend entering ****.
Acetic acid prices in China have gone up approximately ** week-over-week in the first week of January. This price increase was caused by limited spot availability due to many producers being unable to produce at full capacity due to maintenance or other operational limitations during the winter and the end of the year. The fact that inventories were low in most major production areas meant that sellers had less room to negotiate prices on other components of...
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