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Acetic Acid market prices up

22
Oct '09
Acetic acid market prices are moving upward as weekend was approaching. In East China, at the start of the previous week prices were at the level of 2650 – 2800 RMB/MT and after experiencing a upward trend, the market got gradually towards the weekend. Mainstream talks were reported at 2750 -2850 RMB/MT, and the offers from producers all hovered around 2900 RMB/MT. The number of earlier low price offers has declined.

In North China, the previous week started with mainstream prices at 2650 – 2750 RMB/MT level and gradually rose to 2700 – 2800 RMB/MT, but downstream users remained rational, and held wait-and-watch stance.

In South China, mainstream prices at the starting of last week stood in the 2850 – 2950 RMB/MT range. As the weekend approached acetic acid market, kept calm as a whole, with prices pegged flat at 2950 – 3050 RMB/MT. It's heard that, all producers are offering above 3000 RMB/MT, while downstream buyers showing moderate interest only made few purchase.

Export prices are quoted at US $565 – 620 $/MT FOB China main port.

Fibre2fashion News Desk - China


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