Acetic acid: On October 17, China's acetic acid market continued to fall

On October 17, the acetic acid price index was 2883.57, down 22.14 from yesterday and 0.76% month-on-month.

On October 17, the market price of glacial acetic acid in China continued to fall, and downstream companies were generally enthusiastic about replenishing stocks and entering the market. 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 17, 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 prices of major factories in Shandong have been stable, the supply in the surrounding areas is not high, and the market transaction volume is heavy. Market prices in South China are consolidated and running, upstream offers are firm, and the transaction atmosphere is moderate. East China's ethyl acetate market is mainly sorted out, spot negotiations are slightly deadlocked, and downstream consumption is mainly maintained.