Acetic acid: The domestic acetic acid market adjusted within a narrow range on July 3

On July 3, the acetic acid price index was 3,048.57, down 7.15 from yesterday and 0.23% month-on-month.

On July 3, the domestic glacial acetic acid market price stabilized and moved slightly, and market quotations in some regions were slightly adjusted. Downstream players were not enthusiastic about entering the market to replenish stocks, 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 have been reduced within a narrow range, and the focus of intra-regional negotiations has shifted downward. Market quotes in Central China have been lowered, and operators are mainly operating cautiously. On the whole, the acetic acid market price is expected to stabilize and change slightly in the short term, but attention needs to be paid to the follow-up of downstream demand.

On July 3, the domestic ethyl acetate market price was adjusted within a narrow range, and the ethyl acetate market price in North China was temporarily stable. Major factories in Shandong bid for sales, the starting price was stable, and the transaction volume was increased. The price of ethyl acetate market in East China is weak, the raw material side still suppresses market sentiment, factories offer steadily, and downstream purchases are mainly in need. Market prices in South China are operating at a weak position, market transactions are concentrated at the middle and low-end, procurement efforts are flat, and inquiries are cautious.

Unit: yuan/ton