Acetic acid: China's acetic acid market trends on April 29

On April 29, the acetic acid price index was 3,116.43, down 22.86 from the previous working day and a month-on-month decrease of 0.73%.

   On April 29, the price of glacial acetic acid in China continued to decline slightly. The May Day holiday dropped, and the trading atmosphere in some regions was still poor. The East China region fluctuated within a narrow range, and real orders were average. Prices in the North China market are stable, prices in the region are lower, and the market trading atmosphere is moderate. Prices in the South China market are stable. Today's market price is reported at 3,100 - 3,150 yuan/ton. The overall market buying atmosphere is not good. Market prices in Shandong are stable. At present, the overall enthusiasm for receiving goods in the downstream market is not good, and the acetic acid market price is expected to be weak in the short term.

On April 29, China's ethyl acetate market fell somewhat, and prices in the East China market fell somewhat. Major factories in Shandong bid for sales, and the starting price continued to be lowered, resulting in poor transactions. Market prices in East China have fallen somewhat. Due to weakening surrounding prices, market sentiment has been affected, and on-site shipments have been flat. Market prices in South China are stable, and there is a lack of willingness to purchase again before the holiday. Factory shipments are blocked and prices fall.

   Unit: yuan/ton