Acetic acid: China's acetic acid market dynamics on June 6

On June 6, the acetic acid price index was 3,152.86, an increase of 2.85 from yesterday and an increase of 0.09% month-on-month.

On June 6, the market price of glacial acetic acid in China increased within a narrow range. Today, the market price in East China is temporarily stable. Today's price in Jiangsu is reported to be 3,000 - 3,150 yuan/ton, and the market price in Zhejiang is reported to be 3,150 - 3,250 yuan/ton. The overall transaction atmosphere in the venue is general. Market prices in Shandong increased within a narrow range, and factory prices rose. 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 6, 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, the starting price was stable, and downstream procurement enthusiasm was flat. The price of ethyl acetate market in East China remained stable, and the transaction atmosphere was general. Market prices in South China are temporarily stable, and there is no obvious atmosphere for stocking before the holiday, and consolidation of shipments is the main focus.

Unit: yuan/ton