Acetic Acid Prices plummets in the United States
Acetic acid prices in the domestic market have been falling for quite a long time in the United States market on the back of insufficient purchasing activity, and weak prices for feedstock Methanol in the regional market. Acetic Acid prices in the domestic market of the United States have been stifled by rising inventory pressure and weak demand from downstream. Upstream Natural gas prices, on the other hand, soared as a result of the conflict between Russia and Ukraine, while Acetic acid prices were brought down by weak downstream demand and market saturation. Feedstock Methanol prices have plummeted because of the surplus. In terms of inventory, they increased dramatically, and profit margins were compressed, impacting the Acetic Acid derivative market. Acetic Acid prices fell to USD 1300/tonne FOB Louisiana and USD 1280/tonne FOB Texas this week, showing around 2% week-on-week decline. In North America, the price trend has been progressively dropping due to low demand and abundant ...