Acetic acid: China's acetic acid market trends on May 16

On May 16, the acetic acid price index was 3,297.86, unchanged from yesterday.

   On May 16, the price of China's glacial acetic acid market was consolidated at a high level. Currently, the overall inventory pressure of manufacturers is not large. However, as the price continues to increase, the downstream market is not enthusiastic about replenishing goods and entering the market. Specifically, the market price in South China is stable. Today, the market price is reported at 3,250 - 3,300 yuan/ton, and the market is operating relatively steadily. Market prices in Shandong are stable, and factory inventories in the region are low, supporting price increases. Market quotes in North China are stable, and the trading atmosphere in the region is fair. At present, as prices continue to increase, the trading atmosphere on the floor is limited. 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 16, China's ethyl acetate market price was consolidated at a high level. Today, prices in North China have not fluctuated much. Major factories in Shandong bid for sales, the starting price is stable, and the transaction volume remains flat. Market prices in East China are stable, and the overall transaction atmosphere in the market is average. There is still absolute prices at the raw material end, and procurement is mainly needed. Market prices in South China have been consolidated at a high level, the market procurement atmosphere has been dull, and downstream market entry mentality continues to be cautious.  

Unit: yuan/ton