Acetic acid: China's acetic acid continued its rise on June 13

On June 13, the acetic acid price index was 3,231.43, an increase of 40.72 from yesterday and a month-on-month increase of 1.28%.

On June 13, the market price of glacial acetic acid in China continued to rise. At present, the overall inventory pressure of manufacturers in the region is not large, which supports the increase in manufacturers 'quotations to a certain extent. Specifically, today, the market price in East China and Jiangsu has increased within a narrow range. The market price in Jiangsu was reported to be 3,100 - 3,150 yuan/ton, and the market price in Zhejiang was reported to be 3,200 - 3,250 yuan/ton. The region followed suit slightly, and the overall buying sentiment was average. Market prices in Shandong have increased within a narrow range, factories have continued to push up, and other sources of goods in the region may gradually flow in. 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 13, the market price of ethyl acetate in China increased within a narrow range, and the market price in North China increased within a narrow range. Major factories in Shandong bid for sales, and the starting price continued to increase, with moderate transactions. The price of ethyl acetate market in East China has increased, and the price of raw materials has continued to rise, supporting upstream offers. However, downstream follow-up has been slow and firm negotiations are average. Market prices in South China have increased within a narrow range, and spot purchases are just needed.

Unit: yuan/ton