Acetic acid: China's acetic acid market trends on May 20

On May 20, the acetic acid price index was 3,268.57, down 22.15 from the previous working day and a month-on-month decrease of 0.67%.

  On May 20, the price of glacial acetic acid in China fluctuated and fell back. Today, the market price in South China is stable. Today's market price is reported to be 3,250 - 3,300 yuan/ton, and the market is operating relatively stable. Market prices in Shandong have been lowered. Factory prices have fallen so far over the weekend, and the market transaction atmosphere is general. Market quotes in North China were stable, factory offers declined, and the market followed suit. At present, it is expected that the market price of acetic acid may continue to fall slightly in the short term, but it is still necessary to pay attention to the follow-up of downstream demand.

On May 20, the market price of ethyl acetate in China was reduced within a narrow range. Today, prices in North China have not fluctuated much. Major factories in Shandong are bidding for sales, and the starting price has been lowered. The transaction atmosphere is flat. Market prices in East China fell slightly. Affected by weakening surrounding prices, new orders in the market continued to be scarce. Market prices in South China have been consolidated at a high level, and market transactions are concentrated at the middle and low-end levels, with purchases mainly needed.  

Unit: yuan/ton