Acetic acid: The domestic acetic acid market adjusted within a narrow range on July 18

On July 18, the acetic acid price index was 3,277.86, down 5 from yesterday and 0.15% month-on-month.

On July 18, 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 high levels, and the market transaction atmosphere is light. Market prices in Central China are consolidated and operating, and the market transaction atmosphere is good. 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 18, 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 lacked willingness to enter the market, and there was a lack of transactions. Market prices in South China have temporarily stabilized, spot trading is average, the market is cautious about the future outlook, and factories are mainly moving in volume. The price of ethyl acetate market in East China has been corrected, and the mentality of the sellers has been poor and they are actively transferring profits and shipping volumes.

Unit: yuan/ton