Acetic acid: China's acetic acid market dynamics on June 3

On June 3, the acetic acid price index was 3,147.89, an increase of 2.85 from the previous working day and an increase of 0.09% month-on-month.

On June 3, the market price of glacial acetic acid in China stabilized slightly. Today, the market price in East China is temporarily stable. Today, the price in Jiangsu is reported to be 3,000 - 3,150 yuan/ton, and the price in Zhejiang is reported to be 3,150 - 3,250 yuan/ton. Market prices in Shandong are stable. Market prices in South China have temporarily stabilized, traders have average shipment sentiment, and market transaction atmosphere is average. On the whole, the acetic acid market price is expected to stabilize and change slightly in the short term, but attention needs to be paid to the follow-up of downstream demand.

On June 3, the market price of ethyl acetate in China was temporarily stable. Today, prices in North China were temporarily stable. The main factories in Shandong were bidding for sales, and the starting price was stable. The market just needed to purchase, and the buying order was flat. Market prices in East China have temporarily stabilized, downstream demand is weak, and negotiations on new orders are scarce. Market prices in South China are temporarily operating steadily, with new orders traded on the market concentrated at the low-end level, and the transaction volume is still flat, and purchases are just needed.