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Acetic acid: China's acetic acid market trends on May 31

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May 31, 2024, 4:55 PM

On May 31, the acetic acid price index was 3145, an increase of 26.43 from yesterday and an increase of 0.85% month-on-month.

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On May 31, China's glacial acetic acid market price increased within a narrow range. Today, the market price in East China has increased. Factories and traders in the region have different attitudes, and the market transaction atmosphere is limited. Market prices in Shandong increased within a narrow range, factories continued to push up, and prices rose. 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.

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On May 31, the market price of ethyl acetate in China was temporarily stable. Today, prices in North China were temporarily stable. Major factories in Shandong were bidding for sales, and the starting price was stable. The market just needed orders to be executed. Market prices in East China have temporarily stabilized, negotiations on real orders continue to be deadlocked, and shipments are flat, and buying orders are just needed. Market prices in South China are temporarily operating steadily, the market atmosphere is general, and there is insufficient willingness to buy spot goods, so inquiries are just needed.  

Unit: yuan/ton