Acetic acid: China's acetic acid market continued its decline on August 27

On August 27, the acetic acid price index was 3,271.43, down 95 from the left day, and a month-on-month decrease of 2.82%.

On August 27, China's glacial acetic acid market continued to fall. With the restart of maintenance equipment, market supply increased. Some manufacturers 'quotations fluctuated and fell under the influence of greater inventory pressure. Specifically, Jiangsu acetic acid prices in East China continued to decline. Trend, the overall market transaction atmosphere was poor. 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 27, China's ethyl acetate market price fell within a narrow range. 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. Factory shipments were intensive, and transactions were flat. With the downward adjustment of market prices in South China, the cost side is negative for market sentiment. At the same time, downstream consumption is slow, and there is limited willingness to receive goods at current prices, and there is still a wait-and-see attitude. The market price of ethyl acetate in East China fell slightly, and downstream procurement efforts were average and just needed to replenish it.