Acetic acid: China's acetic acid market trends on May 27

On May 27, the acetic acid price index was 3,153.57, down 34.57 from the previous working day and 1.21% month-on-month decrease.

On May 27, the market price of glacial acetic acid in China continued to decline. Today, the market price in East China was lowered along with it. The price of acetic acid in Jiangsu was reported to be 3,000 - 3,100 yuan/ton, and the price in Zhejiang was around 3,100 - 3,200 yuan/ton. The price in the region fell back, and the trading atmosphere was general. Market prices in Shandong are operating in a weak position, factory prices have been lowered, and market prices have fallen. 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 27, the market price of ethyl acetate in China was reduced within a narrow range. Today, prices in North China are temporarily stable. Major factories in Shandong are bidding for sales, and the starting price is stable, and transactions are mainly needed. Market prices in East China have been lowered, downstream procurement enthusiasm is poor, and follow-up on new market orders is limited. Market prices in South China are temporarily stable, downstream follow-up is insufficient, market purchasing sentiment is cautious, and transactions are flat. nbsp;