Acetic acid: China's acetic acid market trends on May 10

On May 10, the acetic acid price index was 3,267.14, an increase of 15 from yesterday and an increase of 0.46% month-on-month.

 On May 10, the market price of glacial acetic acid in China continued to increase. 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 the overall market transaction atmosphere is acceptable. Market prices in South China have adjusted within a narrow range. Today's market price was reported at 3,200 - 3,250 yuan/ton, maintaining yesterday's level. Market prices in Shandong continue to increase. Market quotes in North China have been raised, and the trading atmosphere in the region is acceptable. 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 10, China's ethyl acetate market was consolidated at a high level. Today, the quotation in North China was raised. Major factories in Shandong bid for sales, the starting price remained stable, and the transaction atmosphere remained flat. Market prices in East China have adjusted within a narrow range. Holders have stored shipment demand, spot negotiations are general, and small orders are just needed. Market prices in South China have been consolidated at a high level, and the market has absorbed more social inventories. Holders are active in offering, and buying orders just need to be followed up.

   Unit: yuan/ton