Acetic acid: China's acetic acid market trends on May 13

On May 13, the acetic acid price index was 3,294.29, an increase of 25 from the previous working day and an increase of 0.76% month-on-month.

 On May 13, the price of glacial acetic acid in China continued to increase. At present, the overall inventory pressure in the market is not large, and traders are still enthusiastic about entering the market to replenish goods. Specifically, prices in the South China market continue to increase. Today's market price is reported at 3,250 - 3,300 yuan/ton, an increase of 50 yuan/ton from the previous working day. There is a strong wait-and-see atmosphere among industry operators in the region, and the market transaction atmosphere is general. Market prices in Shandong continued to increase, and factory inventories in the region were low, supporting price increases. Market quotes in North China are stable, and the trading atmosphere in the region is fair. At present, the downstream market is still enthusiastic about entering the market and replenishing goods. Market prices have increased under the support of low inventory pressure. It is expected that the acetic acid market price will be consolidated at a high level in the short term, but attention should also be paid to the follow-up of downstream demand.

On May 13, China's ethyl acetate market was consolidated at a high level. Today, prices in North China fell within a narrow range. Major factories in Shandong bid for sales, the starting price was stable, and the transaction atmosphere was light. Market prices in East China are temporarily stable, while weak downstream demand continues to drag down market prices. Market inquiries are temporarily inactive and are deadlocked. Market prices in South China have been consolidated at a high level, the market mentality has shown a slight game, and the downstream maintains small purchases.

   Unit: yuan/ton