Acetic acid: On July 5, the domestic acetic acid market fell within a narrow range

On July 5, the acetic acid price index was 3,039.29, down 8.57 from yesterday and 0.28% month-on-month.

On July 5, the domestic market price of glacial acetic acid fell within a narrow range, and market quotations in some regions were slightly adjusted. Equipment in Hebei was restarted today. There are expectations of an increase in market supply. However, downstream players are not enthusiastic about entering the market to replenish goods, and the market transaction atmosphere is 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 fell within a narrow range, factory prices fell, and regional markets followed suit. Market quotations in Central China are stable, and operators are mainly cautious. 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 4, the domestic ethyl acetate market price was adjusted within a narrow range, and the ethyl acetate market price in North China was temporarily stable. The main factories in Shandong competed for sales, the starting price was stable, and production and sales were balanced. The price of ethyl acetate market in East China is weak, and downstream markets purchase on demand. The market mentality is poor and the market is cautious. Market prices in South China are operating at a weak position, the market atmosphere is slightly deserted, downstream demand is still suppressed, and cargo holders are actively shipping.

Unit: yuan/ton