Acetic acid: On August 22, China's acetic acid market fell within a narrow range

On August 22, the acetic acid price index was 3,438.357, down 25 from yesterday and 0.72% month-on-month.

On August 22, China's glacial acetic acid market fell within a narrow range, with downstream companies mainly needing replenishment. Specifically, Jiangsu acetic acid prices in East China fell within a narrow range, and the market transaction atmosphere was acceptable. The market price of acetic acid in Shandong is high, and the market transaction atmosphere is limited. Market prices in Central China have been adjusted within a narrow range, and factories have mainly implemented contracts. 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 22, China's ethyl acetate market price adjusted within a narrow range. The market price of ethyl acetate in North China increased within a narrow range. Major factories in Shandong competed for sales, but the starting price was flat, and the market transaction volume was high. Market prices in South China have been consolidated at a high level, with limited market transaction atmosphere, and downstream demand is dominated. East China's ethyl acetate market prices are mainly sorted out, the market procurement intensity is average, and spot procurement is mainly needed.