Acetic acid: China's acetic acid market was weak on June 20

On June 20, the acetic acid price index was 3,160.71, down 5 from yesterday and 0.16% month-on-month.

On June 20, the price of China's glacial acetic acid market continued to be weak. 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 are temporarily stable, and players in the market have different attitudes. Market prices in Shandong are temporarily stable, and the trading atmosphere is 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 20, the market price of ethyl acetate in China was reduced within a narrow range, 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 the transaction volume increased slightly. The price of ethyl acetate market in East China is stable, downstream purchases are just needed, and the market atmosphere is flat. Market prices in South China are operating at a weak level, spot purchases are insufficient, and the market transaction atmosphere is limited.

Unit: yuan/ton