Acetic acid: The domestic acetic acid market continued its upward trend on July 31

On July 31, the acetic acid price index was 3,226.43, an increase of 40 from yesterday and a month-on-month increase of 1.26%.

On July 31, the domestic market price of glacial acetic acid continued to increase, and the market quotation continued to rise. The downstream market was still enthusiastic about entering the market for replenishment, and the overall factory shipments were smooth. Specifically, the price of acetic acid in Jiangsu in East China has been increased along with it, and the downstream market is still enthusiastic about entering the market to replenish goods. The market price of acetic acid in Shandong has risen, prices in surrounding areas have risen sharply, and prices in the region have risen. On the whole, it is expected that the acetic acid market price will be high in the short term, but attention should also be paid to the follow-up of downstream demand.

On July 31, the domestic market price of ethyl acetate adjusted within a narrow range. The market price of ethyl acetate in North China has increased within a narrow range. Major factories in Shandong have competitive sales, and the starting price has increased. The atmosphere for premium transactions is good. Market prices in South China have increased within a narrow range, and the market transaction atmosphere is still good. Enquiries have increased slightly, and holders are actively shipping. The price of ethyl acetate market in East China followed suit, and some buyers entered the market with a good trading atmosphere.

Unit: yuan/ton