Acetic acid: China's acetic acid market trends on May 30

On May 30, the acetic acid price index was 3,118.57, down 10.72 from yesterday and 0.34% month-on-month.

On May 30, the market price of glacial acetic acid in China fell within a narrow range. Today, market prices in East China stabilized and moved slightly. Factories and traders in the region had different attitudes, and prices were mixed. Market prices in Shandong have increased within a narrow range, while factory prices have increased, with limited follow-up gains in the region. Market prices in South China fluctuated and fell back, traders 'shipment sentiment was average, and the market transaction atmosphere was 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 30, 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 transaction volume has narrowed again, which is biased towards bearish sentiment in the future. Market prices in East China have temporarily stabilized. Although the raw material side has moved upward, it is actually difficult for the downstream to follow up, and they are cautious about the outlook. Market prices in South China are temporarily stable, downstream procurement speed is insufficient, and industry operators are not motivated to enter the market.  

Unit: yuan/ton