Acetic acid: On June 21, the domestic acetic acid market continued to weaken

On June 21, the acetic acid price index was 3,135.71, down 25 from yesterday and 0.79% month-on-month.

On June 21, the domestic glacial acetic acid market price 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 market sentiment is poor. Market prices in Shandong fell within a narrow range. 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 21, the domestic ethyl acetate market price fell within a narrow range. The ethyl acetate market price in North China was stable. The main factories in Shandong were bidding for sales, the starting price was stable, and the buying momentum was poor. The price of ethyl acetate in East China has been lowered, and downstream companies have insufficient willingness to receive orders, resulting in poor transactions. 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