Acetic Acid prices have escalated on supply shortage. Supply shortage escalates as plants shut for maintenance, while demand maintains steady.
As per report, in China Celanese Singapore, Taiwan Dairen and BP US all shut their acetic acid plants unexpectedly. Some foreign-invested companies in China, as well as domestic plants increased the export volume to fill the supply gap overseas.
Presently domestic Acetic Acid prices were evaluated at Rs 56-57/Kg for Kandla and Mumbai ports of India.
