Acetic acid: China's acetic acid market continued to decline on August 28

On August 28, the acetic acid price index was 3,246.43, down 25 from yesterday and 0.76% month-on-month.

On August 28, China's glacial acetic acid market continued to fall, and market operators were not enthusiastic about entering the market to replenish stocks due to the sentiment of buying up but not buying down. Specifically, acetic acid prices in Jiangsu in East China continued to decline, and 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 28, 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 bid for sales, and the starting price continued to be lowered. The transaction improved slightly, and the operators were cautious. As market prices in South China fell, the focus of market transactions was on the low-end, and the spot just needed small orders to replenish the stock. The market price of ethyl acetate in East China fell slightly, and there was insufficient negotiation on new orders on the market.