Acetic acid: On October 23, the market price of acetic acid in China was reduced within a narrow range

On October 23, the acetic acid price index was 2,848.57, down 10.71 from yesterday and 0.37% month-on-month.

On October 23, the price of the glacial acetic acid market in China was consolidated, and market quotations in some regions fell. The overall transaction atmosphere in the China market was mixed. Specifically, acetic acid prices in Jiangsu in East China fell within a narrow range, and the overall market transaction atmosphere was limited. The price of acetic acid market in Shandong Province dropped sharply, and the trading atmosphere on the market was general. Market prices in Central China have adjusted within a narrow range, and market trading sentiment in the region is moderate. 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 23, the market price of ethyl acetate in China was adjusted within a narrow range. The market price of ethyl acetate in North China is temporarily stable, the starting prices of major factories in Shandong are stable, and market transactions are average. The industry is cautious about the future outlook. Market prices in South China have been consolidated and put into operation, factory quotations have been maintained, on-site supplies have resumed expectations, and spot negotiations have been temporarily maintained. The ethyl acetate market in East China is mainly organized, and the downstream is just in need of goods, so the main focus is on solid negotiation.