Acetic acid: On July 17, the domestic acetic acid market was sorted out at a high level

On July 17, the acetic acid price index was 3,282.86, unchanged from yesterday.

On July 17, the domestic market price of glacial acetic acid temporarily stabilized. 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 a high level, downstream consumption of early supply, and new orders from factories are generally traded. 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 17, 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. Market procurement was cautious and more inventories were digested. Market prices in South China have temporarily stabilized, downstream buying is insufficient, and the atmosphere is poor. The price of ethyl acetate market in East China has adjusted back, the holders have been actively shipping, and the downstream has a certain mentality of price reduction, resulting in a deadlock in trading.

Unit: yuan/ton