Acetic acid: On July 2, the domestic acetic acid market stabilized and moved slightly

On July 2, the acetic acid price index was 3,055.71, down 3.57 from yesterday and 0.12% month-on-month.

On July 2, the domestic glacial acetic acid market price stabilized and fluctuated slightly. Downstream operators were not enthusiastic about replenishing goods into the market. The operators mainly needed to replenish goods when they entered the market, and the market transaction atmosphere was light. Specifically, the price of acetic acid in East China has limited fluctuations, and the downstream in the region are mainly in need of replenishment. Market prices in Shandong remained stable. Market quotes in Central China have been lowered, and operators are mainly operating cautiously. 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 2, the domestic ethyl acetate market price adjusted within a narrow range, and the ethyl acetate market price in North China fell within a narrow range. Major factories in Shandong bid for sales, the starting price stabilized, and the transaction was average. The price of ethyl acetate market in East China is weak, and downstream companies often choose to purchase on demand, so market trading sentiment is flat. Market prices in South China are operating at a weak level, some offers are relatively strong, and downstream negotiations are moderate and dull.

Unit: yuan/ton