Glacial Acetic Acid Market Continued Increasing (Sept 15-21, 2017)

The glacial acetic acid market increased greatly this week. Up to September 21, the glacial acetic acid market prices in East China were in the range of RMB 3,230-3,450/mt. The glacial acetic acid average pricce in East China was RMB 3,303/mt this week, which was up 6.69% W-O-W.

The glacial acetic acid units operated normally this week. However, the inventory was in a low level in factories and the supply was tight. Moreover, the operating rate in PTA, acetic ester and vinyl acetate factories was stable and the rigid demand for glacial acetic acid increased. The downstream users showed an active sentiment in purchasing. Also, the downstream users started to stock glacial acetic acid considering the coming National Day holiday. The trade was modest in the glacial acetic acid market. The glacial acetic acid inventory continued decreasing. The traders continued increasing offers.

Forecast: The supply will be limited in the glacial acetic acid market. The downstream users will stock glacial acetic acid before the National Day. The demand for glacial acetic acid will increase. It is predicted that the glacial acetic acid market will rise next week.