Acetic acid: The domestic acetic acid market continued its upward trend on July 15

On July 15, the acetic acid price index was 3,277.14, an increase of 53.57 from the previous working day and a month-on-month increase of 1.66%.

On July 15, the domestic market price of glacial acetic acid continued to rise. At present, the overall inventory pressure in the regional market is not large, and manufacturers have an obvious attitude of supporting prices. Market prices in Shandong have increased, factory prices have risen, and the market has risen simultaneously. Market quotes in Central China have been raised along with the increase, and the market transaction atmosphere is acceptable. Acetic acid prices in Jiangsu in East China continue to push up, factory inventory pressure in the region is not great, and the market is rising simultaneously. On the whole, it is expected that the acetic acid market price will be strong in the short term, but attention should also be paid to the follow-up of downstream demand.

On July 15, the domestic ethyl acetate market price fluctuated upward, and the North China ethyl acetate market price fluctuated upward. Major factories in Shandong bid for sales, and the starting price continued to increase. Units were temporarily suspended for maintenance, and downstream procurement was active. Market prices in South China have increased, and support for raw materials remains, but downstream follow-up is relatively scarce, and the market transaction atmosphere is limited. The market price of ethyl acetate in East China has also increased, with downstream procurement mainly needed.

Unit: yuan/ton