Acetic acid: On July 26, the domestic acetic acid market continued to fall

On July 26, the acetic acid price index was 3,110.71, down 53.57 from yesterday and 1.69% month-on-month.

On July 26, the domestic glacial acetic acid market price continued to decline. Downstream operators had a clear wait-and-see attitude, and the market transaction atmosphere was limited. Jiangsu acetic acid prices in East China were weakened. Downstream market replenishment was cautious, and transactions were mostly concentrated at the low-end. Market quotes in Central China continue to fall, and downstream markets are not enthusiastic about replenishing goods. On the whole, it is expected that the acetic acid market price will be weak in the short term, but attention should also be paid to the follow-up of downstream demand.

On July 26, the domestic market price of ethyl acetate fell within a narrow range. The market price of ethyl acetate in North China fell, and the main factories in Shandong bid for sales, and the starting price continued to be lowered. A small number of transactions were just needed. Market prices in South China have also been lowered, with raw materials and demand dragging down the market, and there are still concerns about the future outlook. The price of ethyl acetate market in East China is stable, market offers are weak, and downstream buying is limited.

Unit: yuan/ton