Acetic acid: China's acetic acid market trends on June 12

On June 12, the acetic acid price index was 3,190.71, an increase of 16.14 from yesterday and an increase of 0.51% month-on-month.

On June 12, the price of glacial acetic acid in China continued to rise. Recently, due to accidental equipment failures and low pressure on overall sales of the factory, the price was relatively firm. Specifically, today, the market price in Jiangsu in East China was reported at 3,080 - 3,150 yuan/ton, and the Zhejiang market price was reported at 3,200 - 3,250 yuan/ton. Traders 'quotations continued to rise, and the market buying atmosphere was poor. Market prices in Shandong have increased within a narrow range, factory prices in the region have risen, and downstream markets have general enthusiasm for replenishing goods and entering the market. On the whole, it is expected that the acetic acid market price will be high in the short term, but attention should also be paid to the follow-up of downstream demand.

On June 12, the market price of ethyl acetate in China increased within a narrow range, and the market price in North China remained stable. Major factories in Shandong bid for sales, the starting price was increased, and the transaction volume increased. The price of ethyl acetate in East China has increased, and the price of raw materials has continued to rise, which has boosted the market. The upstream has a strong mentality to follow suit. Market prices in South China have increased within a narrow range, and the atmosphere for real order negotiations is cautious, and spot purchases are just needed.

Unit: yuan/ton