Acetic acid: On July 1, the domestic acetic acid market stabilized and moved slightly

On July 1, the acetic acid price index was 3,059.29, down 3.57 from yesterday and 0.12% month-on-month.

On July 1, the domestic glacial acetic acid market price stabilized and fluctuated slightly. Downstream players were not enthusiastic about replenishing goods into the market, and the market transaction atmosphere was light. Specifically, the price of acetic acid in East China has limited fluctuations, and downstream is mainly in need of replenishment. Market prices in Shandong remained stable. On the whole, it is expected that the market price of acetic acid will continue to be weak in the short term, but attention needs to be paid to the follow-up of downstream demand.

On July 1, the domestic ethyl acetate market price was temporarily stable, and the ethyl acetate market price in North China fell within a narrow range. The main factories in Shandong bid for sales, the starting price was lowered, and the buying gas was deserted. The price of ethyl acetate market in East China has been lowered, spot buying has been poor, market purchasing sentiment has been flat, and the mentality towards the future outlook is cautious. Market prices in South China are operating at a weak level, and weakening raw material prices have caused industry operators to be cautious about the future outlook and a poor purchasing atmosphere.

Unit: yuan/ton