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The acetic acid market is consolidating upwards. The price rose to €779.7/mt (2/8/2021), an increase of 2.30% compared to the close recorded on July 29 (€762.16/mt).
The acetic acid market rose slightly, the Guangxi and Anhui Huayi plants were closed for maintenance and individual companies increased their quotations accordingly. East China, North China and South China all increased to varying degrees.
At present, the acetic acid market has sufficient stocks, downstream demand is stable. Traders buy rationally, and business transactions are mostly based on negotiation. Market trading is relatively stable, the atmosphere in the market is mainly one of expectation.