CHINA CHEMICALS OUTLOOK 2018

| July 8, 2018

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China’s domestic acetic acid market fundamentals in 2018 are expected to be balanced-to-tight, which would support prices, with the expected increase in supply just sufficient to meet current demand. Production capacity in the country is expected to inch up around 1% this year, with the scheduled start-up of Tianjin Bohai Chemical Industry Group’s 100,000-tonne/ year plant. The plant is expected to begin production in the late second quarter or the third quarter of 2018, a company source said.

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