Acetic Acid prices in spot market of China continue to slowdown due to relatively weak demand and stable supply. Earlier most of the Acetic Acid units were operated at high rates leading to high inventory levels. Experts believe that production is likely to increase in near future. With respect to demand, the downstream products are also facing weak demand and are waiting for upcoming Lunar holidays. Vinyl acetate monomer (VAM) sector, demand also remained soft as Sichuan Vinylon’s two plants with a combined 500,000 tonne/year capacity will shut for four to six weeks from end-December, while most other VAM plants in China were running at low rates. Showdown in values for Acetic Acid is also due to decline in the Methanol values in China and Asia market.
