China’s acetic acid faces downward pressure on ample supply,tepid demand

摘要

SINGAPORE (ICIS)--China’s acetic acid prices are likely to remain under downward pressure from weak demand and ample supply,as some plants will restart in the near future and that would undermine the market further.Acetic acid prices on east China ex-tank (EXT) basis were assessed at an average yuan (CNY) 2,900/tonne on 23 April,according to ICIS data.Prices lost 6.5% compared with CNY3,100/tonne EXT achieved on April 16,the data showed.