Acetic acid: China's acetic acid market trends on May 11

On May 11, the acetic acid price index was 3,269.29, an increase of 2.14 from yesterday and a month-on-month increase of 0.07%

On May 11, the price of China's glacial acetic acid market was adjusted to a high level, and the price quotations of coke for some models were raised. At present, the overall shipping mentality of the market is still good, and the purchasing mentality of downstream and traders is different. Specifically, prices in the South China market 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 are stable, and the trading atmosphere in the region is fair. At present, the enthusiasm of downstream operators to enter the market for replenishment is still good, and the acetic acid market price is expected to be high in the short term, but attention should also be paid to the follow-up of downstream demand.

On May 11, China's ethyl acetate market was consolidated at a high level. Today, prices in North China are temporarily stable. Major factories in Shandong are bidding for sales, the starting price remains stable, and the trading atmosphere is light. Market prices in East China have adjusted within a narrow range, support for raw materials remains, and downstream procurement efforts are average and just need to be consumed. Market prices in South China have been consolidated at a high level, and the market trading atmosphere is general. Negotiations on small orders are the main focus, and downstream purchases are just needed.

   Unit: yuan/ton