Acetic acid: On October 16, China's acetic acid market continued to operate in a weak position

On October 16, the acetic acid price index was 2,932.14, down 23.57 from yesterday and 0.8% month-on-month.

On October 16, the market price of glacial acetic acid in China fell within a narrow range. Supply in some regional markets remained at a high level, and downstream players were generally enthusiastic about entering the market to replenish goods. Specifically, acetic acid prices in Jiangsu in East China fell within a narrow range, and the overall market transaction atmosphere was limited. The market price of acetic acid in Shandong continued to decline, and the trading atmosphere on the market was 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 16, the market price of ethyl acetate in China adjusted within a narrow range. The market price of ethyl acetate in North China has fallen, the starting price of major factories in Shandong has been stable, and the downstream just needs replenishment, and the transaction is good. Market prices in South China are being consolidated and running, and individual factories in the region are still planning to pick up goods. Upstream offers are firm and the transaction atmosphere is moderate. East China's ethyl acetate market is mainly organized, and spot negotiations are slightly deadlocked.