Acetic acid: China's acetic acid market trends on May 17

Acetic acid: China's acetic acid market trends on May 17 

On May 17, the acetic acid price index was 3,290.71, down 3.57 from yesterday and 0.11% month-on-month.

   On May 17, China's glacial acetic acid market prices were consolidated at a high level, and some regional market quotations were slightly adjusted. Currently, the overall inventory pressure of manufacturers is not large, but as prices continue to increase, downstream markets are not enthusiastic about entering the market to replenish goods. 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. Market quotations in North China are stable, and factory prices are relatively stable. At present, the acetic acid market price is expected to be high in the short term, but attention needs to be paid to the follow-up of downstream demand.

On May 17, the market price of ethyl acetate in China was consolidated at a high level. Today, prices in North China have not fluctuated much. Major factories in Shandong bid for sales, and the starting price has been slightly increased. It still needs to make up orders, and the transaction is flat. Market prices in East China are stable, and factory offers are mixed. Some shipping companies support absolute prices, while some factories sell concessions under shipment demand, and transactions are flat. 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