Acetic acid: China's acetic acid market price stabilized on June 17

On June 17, the acetic acid price index was 3,231.43, maintaining the previous working day.

On June 17, China's glacial acetic acid market price was consolidated at a high level. Currently, the overall inventory pressure of manufacturers in the region is not large, which supports manufacturers 'prices to remain high to a certain extent. Specifically, today, the price of glacial acetic acid in Jiangsu in East China is stable. Today, the Jiangsu region reported to 3,100 - 3,150 yuan/ton, and the Zhejiang market price was reported to 3,200 - 3,250 yuan/ton. Trading sentiment in the region is general and can be negotiated. Market prices in Shandong are stable, and the overall market transaction atmosphere is acceptable. 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 17, the market price of ethyl acetate in China was adjusted to a high level, and the market price of ethyl acetate in North China was stable. Major factories in Shandong competed for sales, the starting price was stable, and transactions were limited. The price of ethyl acetate market in East China is stable, the market transaction atmosphere is dull, downstream replenishment enthusiasm is not good, and consolidation shipments are dominated. Market prices in South China are high, the market purchasing atmosphere is not good, new orders are not smooth, and procurement efforts are flat.  

Unit: yuan/ton