Acetic acid: China's acetic acid market trends on May 9

On May 9, the acetic acid price index was 3,252.14, an increase of 26.43 from yesterday and an increase of 0.82% month-on-month.

 On May 9, the price of glacial acetic acid in China was consolidated at a high level. Currently, 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 have shipped smoothly. Market prices in South China have adjusted within a narrow range. Today's market price was reported at 3,200 - 3,250 yuan/ton. Trading sentiment in the region is mixed and the market continues to rise. Market prices in Shandong are operating at high levels. 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 9, 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 increased within a narrow range, and the trading atmosphere became significantly weaker. Market prices in East China have increased within a narrow range, and there is a majority of willingness to take profits on the market. Holders are actively shipping, and negotiations are okay. Market prices in South China are being consolidated at a high level, and downstream are mainly in need of replenishment.

   Unit: yuan/ton