Acetic acid: On July 16, the domestic acetic acid market was running strongly

On July 16, 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 16, the domestic glacial acetic acid market price was running on the strong side. At present, factory accidents are still frequent. Although the company's inventory has increased, the overall inventory pressure is not large. Market prices in Shandong are operating at high levels, and prices within the region have not changed much. Market quotes in Central China continued to rise, and the market transaction atmosphere was acceptable. Acetic acid prices in Jiangsu in East China are on the strong side, 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 16, the domestic market price of ethyl acetate fell within a narrow range, and the market price of ethyl acetate in North China fell. Major factories in Shandong bid for sales, and the starting price was stable. The market transaction atmosphere was dull, and the market was cautious. Market prices in South China have increased, market negotiations have been slightly deadlocked, and holders are actively shipping. The price of ethyl acetate market in East China has been rising along with it, with holders shipping actively, and the downstream has a certain mentality of lowering prices, resulting in a deadlock in trading.