Acetic acid: On October 12, China's acetic acid market was partially lowered

On October 12, the acetic acid price index was 2,987.86, down 5.71 from yesterday and 0.19% month-on-month.

On October 12, 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, downstream demand was limited to follow-up, and the market transaction atmosphere was light. The market price of acetic acid in Shandong is mainly consolidated, and the market price in the region has not changed much. 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 12, 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, and the starting price of major factories in Shandong has been lowered. Manufacturers are bearish and market transactions are poor. Market prices in South China are being consolidated, market negotiations continue to be loose, and downstream buying is insufficient. East China's ethyl acetate market is mainly organized, the focus of negotiations is weak, downstream procurement is insufficient, and demand is mainly concentrated.