Acetic acid: China's acetic acid market trends on May 21

On May 21, the acetic acid price index was 3,217.14, down 51.43 from yesterday and 1.57% month-on-month.

On May 21, the market price of glacial acetic acid in China was comprehensively lowered. Today, the market price in East China fluctuated and fell. The price of glacial acetic acid was reported to be 3,030 - 3,300 yuan/ton, and the price of Zhejiang was reported to be 3,200 - 3,300 yuan/ton. The offer price in the region fell, and the trading atmosphere was general. Market prices in Shandong followed suit. Today's market quotation was lowered to 3,200 - 3,300 yuan/ton. Factory prices fell, followed by the decline in the region. Market prices in South China have been lowered, the downstream buying atmosphere is not good, and offers in the region have been loose. On the whole, it is expected that the market price of acetic acid will continue to be weak in the short term, but attention needs to be paid to the follow-up of downstream demand.

On May 21, the market price of ethyl acetate in China continued to decline. Today, prices in North China are stable. Major factories in Shandong are bidding for sales, and the starting price is stable. Production and sales are still balanced. The downstream market just needs to replenish stocks. Market prices in East China have not fluctuated much, and the market transaction atmosphere is general. Spot purchase is just needed, and the negotiations are a little deadlocked. Market prices in South China fell within a narrow range, the market transaction atmosphere was general, and operators were not enthusiastic about entering the market to replenish goods.  

Unit: yuan/ton