Acetic acid: China's acetic acid market trends on May 29

On May 29, the acetic acid price index was 3,129.29, unchanged from yesterday.

On May 29, China's glacial acetic acid market price was weakened. Today, the market price in East China stabilized and moved slightly. The price of glacial acetic acid in Jiangsu in East China was reported to be 2,980 - 3,100 yuan/ton, and the price of Zhejiang was reported to be 3,100 - 3,200 yuan/ton. Market prices have loosened. Market prices in Shandong are operating stably. Market prices in South China have temporarily stabilized, traders have average shipment sentiment, and market transaction atmosphere is average. On the whole, it is expected that the acetic acid market price will be weak in the short term, but attention should also be paid to the follow-up of downstream demand.

On May 29, the price of ethyl acetate in China was weakened. Today, prices in North China are temporarily stable. Major factories in Shandong are bidding for sales, and the starting price is stable. The market is mainly in need of buying. Market prices in East China have temporarily stabilized, market transactions have been average, downstream just need orders to purchase, and buying is still moderate. Market prices in South China are temporarily stable, with downstream procurement mainly needed.  

Unit: yuan/ton