Glacial acetic acid market in the second half of 2022

In the second half of 2022, Shandong Yankuang plans to expand the storage capacity, and the domestic production capacity of glacial acetic acid will continue to increase.
Most companies have already completed the overhaul of their equipment in the first half of the year, so there are relatively few overhaul plans in the second half of the year. Therefore, it is expected that the market supply in the second half of the year will increase compared with the first half of the year.
In terms of demand, although there are still some new production capacity in the PTA industry planned to be put into production in the second half of the year, it remains to be seen whether the increase in supply can be fully digested in a timely manner.
It is expected that the Chinese glacial acetic acid market will continue to fluctuate in the second half of the year.