Acetic acid: China's acetic acid market continued to decline on June 19

On June 19, the acetic acid price index was 3,165.71, down 34.29 from yesterday and 0.76% month-on-month.

On June 19, China's glacial acetic acid market prices continued to be weak, factory quotations continued to be lowered, downstream terminals and traders still had a certain wait-and-see attitude towards the future outlook, and the market transaction atmosphere was limited. Specifically, today, acetic acid prices in East China fell, and players in the market had different attitudes. Market prices in Shandong followed suit, and the trading atmosphere was poor. On the whole, it is expected that the acetic acid market price will be weak in the short term, but attention should also be paid to the follow-up of downstream demand.

On June 19, the market price of ethyl acetate in China fell within a narrow range, and the market price of ethyl acetate in North China fell. Major factories in Shandong bid for sales, the starting price continued to be lowered, and the trading volume continued to be flat. The price of ethyl acetate market in East China has been lowered along with it, and most of the holders have actively made offers. Due to the bearish sentiment in the downstream, the market entry has not been strong. Market prices in South China have fallen, terminal demand has limited follow-up, and raw material prices have weakened, resulting in a deserted transaction atmosphere.