Acetic acid: China's acetic acid market continued its rise on August 21

On August 21, the acetic acid price index was 3,452.86, an increase of 78.57 from yesterday and an increase of 2.33% month-on-month.

On August 21, China's glacial acetic acid market continued to increase. With the implementation of equipment maintenance, the overall market supply was relatively limited. Under the impact of reduced supply, specifically, the price of acetic acid in Jiangsu in East China increased along with the increase. The market fluctuations were limited, and the market transaction atmosphere was OK. The market price of acetic acid in Shandong continues to increase, and the market transaction atmosphere is limited. Central China has fluctuated upward. 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 August 21, China's ethyl acetate market price adjusted within a narrow range. The price of ethyl acetate in North China has increased within a narrow range. Major factories in Shandong have bid for sales, and the starting price has stabilized. The transaction atmosphere is average, and the operators have a cautious mentality. Market prices in South China have been consolidated at a high level, with dual raw materials supporting factories offering firm offers, and spot buying is flat and just needs to be consumed. East China's ethyl acetate market prices are mainly sorted out, with downstream maintaining just-needed consumption, and some preliminary orders are implemented.