Acetic acid: The domestic acetic acid market continued its upward trend on July 11

On July 11, the acetic acid price index was 3,131.43, an increase of 53.57 from yesterday and a month-on-month increase of 1.74%.

On July 11, the domestic market price of glacial acetic acid continued to increase. As the starting price rose, most traders on the market and downstream were still enthusiastic about getting goods, and the market trading atmosphere was relatively active. Market prices in Shandong have increased, and factory quotations continue to rise. Market quotations in Central China are stable, and operators are mainly cautious. On the whole, it is expected that the market price of acetic acid may rise partially in the short term, but attention should also be paid to the follow-up of downstream demand.

On July 10, the domestic ethyl acetate market price was stable, and the ethyl acetate market price in North China fluctuated upward. The main factories in Shandong bid for sales, and the starting price was raised. The market chasing atmosphere was acceptable. Market prices in South China have increased, supported by the rise in raw material acetic acid prices. Buying orders are just needed to follow up and chase prices cautiously. The price of ethyl acetate market in East China has also increased, and the overall market transaction atmosphere is still good.