Acetic acid: On October 15, China's acetic acid market continued to operate in a weak position

On October 15, the acetic acid price index was 2,932.14, down 23.57 from yesterday and 0.8% month-on-month.

On October 15, the market price of glacial acetic acid in China fell within a narrow range. The market transaction atmosphere was limited, and traders and downstream parties had a poor mentality of taking the initiative to buy goods. Specifically, acetic acid prices in Jiangsu in East China fell within a narrow range, and the overall market transaction atmosphere was limited. The acetic acid market price in Shandong is stable, and the trading atmosphere on the market is general. Market prices in Central China have adjusted within a narrow range. Market trading sentiment in the region is moderate and prices have fallen. 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 15, the market price of ethyl acetate in China adjusted within a narrow range, and market prices in some regions increased. The market price of ethyl acetate in North China has fallen, the starting prices of major factories in Shandong have stabilized, and there is purchasing demand in the surrounding areas, and the transaction atmosphere is still good. Market prices in South China are being consolidated and operating, the focus of negotiations in the region is maintained, and spot goods are just in need of buying. East China's ethyl acetate market is mainly organized, with average market buying momentum and poor purchasing sentiment.