Acetic Acid Market Subdues Amid Oversupply and Weak Demand

Throughout August xxxx, the Chinese acetic acid market remained consistently weak. Market continued to face oversupply and slow demand from downstream sectors. The seasonal slowdown in key Asian markets, especially in India due to the monsoon season, decreased export activity. This resulted in fewer inquiries from abroad and little chance for price recovery.

By mid-August, domestic acetic acid prices kept falling. High plant operating rates and full capacity led to excess supply in major production hubs. Output remained steady, but downstream demand was low. Buyers showed little interest in forward contracts or bulk purchases. This mismatch between supply and demand created a stalemate, keeping acetic acid prices low in most regions, although some areas experienced brief price spikes.

In the latter part of the month, market sentiment improved slightly after news of plant shutdowns in central China....