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In the last week of September ****, global acetic acid markets revealed diverging trends across regions: Asia and North America. Domestic acetic acid prices in China moved up, week on week, through September **th, as tight supply and ongoing preholiday restocking supported price movement over the week. At the same time, the U.S. acetic acid market was largely steady, with price movements flattening after continuing declines seen earlier in the quarter.
As of September **, the average market price in China was reported at USD ***/Tonne, marking a ** rise week-on-week, extending a price rise that began earlier in the month. Production restrictions and maintenance shutdowns have lowered operating rates across major plants, holding inventories low with active shipments. Ahead of the Golden Week holidays, downstream buyers, especially in acetic anhydride, PTA and VAM sectors, were steadily replenishing inventories creating a bullish sentiment in the market. This...
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