Acetic acid: China's acetic acid market trends on May 8

On May 8, the acetic acid price index was 3,225.71, an increase of 37.86 from yesterday and a month-on-month increase of 1.19%.

On May 8, the price of glacial acetic acid in China continued to rise. At present, the overall inventory pressure of manufacturers in the region is not large, and downstream terminals and traders are more enthusiastic about replenishing goods entering the market, and manufacturers 'shipments are smooth. The price in the South China market has been increased accordingly. Today, the market price is quoted as 3200 yuan/ton, and the low-end price is increased by 50 yuan/ton. The market transaction atmosphere is still acceptable. Market prices in Shandong fluctuated upward, factories continued to rise, and regional quotations continued to rise. Market quotes in North China have been raised, market prices continue to rise, and the trading atmosphere in the region is good. At present, positive support from the supply side still exists, and manufacturers have an obvious attitude of supporting prices. It is expected that the acetic acid market price will be high in the short term, but attention should also be paid to the follow-up of downstream demand.

On May 8, China's ethyl acetate market fluctuated upward. Today, the quotation in North China was raised. Major factories in Shandong were bidding for sales. The starting price was raised widely, and the transaction atmosphere was positive. Market prices in East China have increased within a narrow range, market inquiry atmosphere has increased, purchasing enthusiasm is still acceptable, and some buying operations have increased. Market prices in South China have been consolidated at a high level, upstream offers are firm, downstream procurement is moderate, and shipments are smooth.

   Unit: yuan/ton