Acetic acid: China's acetic acid market continued to decline on August 26

On August 26, the acetic acid price index was 3,366.43, down 55.71 from the previous working day and a month-on-month decrease of 1.63%.

On August 26, China's glacial acetic acid market continued to fall. At present, there is not much pressure on the inventory of manufacturers in the region, and downstream players are mainly in need of replenishment. Specifically, the price of acetic acid in Jiangsu in East China continued to decline, and the transaction atmosphere on the market was acceptable. The market price of acetic acid in Shandong continued to fall, and the market transaction atmosphere was 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 market price of acetic acid will continue to be weak in the short term, but attention needs to be paid to the follow-up of downstream demand.

On August 26, China's ethyl acetate market price fluctuated and fell back. The market price of ethyl acetate in North China dropped within a narrow range. Major factories in Shandong competed for sales, and the starting price was lowered. Transactions on the market were light, and most chose to wait and see. As market prices in South China fell, the demand side continued to suppress the market trend. At the same time, the market for raw material acetic acid weakened. The market was full of negative goods and the transaction atmosphere was poor. The market price of ethyl acetate in East China fell slightly, market procurement efforts were poor, and some were obviously willing to wait for the decline, and the transaction of new orders was blocked.