Acetic acid: On October 11, China's acetic acid market fell within a narrow range

On October 11, the acetic acid price index was 2,993.57, down 5 from yesterday and 0.17% month-on-month.

On October 11, the market price of glacial acetic acid in China fell within a narrow range, and the market transaction atmosphere was limited. Specifically, acetic acid prices in Jiangsu in East China fell within a narrow range. The acetic acid market price in Shandong is mainly sorted out, with major factories temporarily stopping due to unexpected failures and temporarily stabilizing in the region. Market prices in Central China adjusted within a narrow range. On the whole, it is expected that the market price of acetic acid will adjust within a narrow range in the short term, but attention should also be paid to the follow-up of downstream demand.

On October 11, the market price of ethyl acetate in China adjusted within a narrow range, and market prices in some regions were lowered. The market price of ethyl acetate in North China has increased, the starting prices of major factories in Shandong have stabilized, supply in surrounding markets has gradually returned, and on-site transactions have been poor. Market prices in South China have been consolidated, downstream demand has recovered limited, upstream shipment demand still exists, and the focus of negotiations has been lowered. East China's ethyl acetate market is mainly organized, with market procurement efforts sluggish, spot buying is poor, and operators are biased towards bearish market outlook.