Acetic acid: China's acetic acid market trends on May 7

On May 7, the acetic acid price index was 3,178.86, an increase of 66.43 from yesterday and an increase of 2.13% month-on-month.

 On May 7, the price of glacial acetic acid in China increased significantly. With the announcement of a parking maintenance plan for on-site equipment, there was certain positive support on the supply side. The price in the South China market has also increased. Today's market price is reported to be 3,150 - 3,200 yuan/ton, an increase of 20-50 yuan/ton from yesterday. The market transaction atmosphere has improved slightly. Market prices in Shandong fluctuated upward. Market quotations in North China have increased, prices in surrounding areas have increased, and market quotations in the region have followed suit. At present, positive support from the supply side still exists, and the acetic acid market price is expected to be high in the short term, but attention needs to be paid to the follow-up of downstream demand.

On May 7, China's ethyl acetate market fluctuated upward. Today, the quotation in North China was raised. Major factories in Shandong bid for sales. The starting price continued to increase. Raw material prices rose, and the chasing atmosphere was good. Market prices in East China have increased within a narrow range, with limited follow-up of new orders in the market, and excessive consumption of pre-order orders. Market prices in South China have been consolidated at a high level, with average transactions on the market and limited market transactions.

   Unit: yuan/ton