Acetic acid: On October 29, the market price of acetic acid in China continued to fall

On October 29, the acetic acid price index was 2,810.71, down 11.43 from yesterday and 0.4% month-on-month.

On October 29, the price of glacial acetic acid in China fluctuated and fell. Currently, factory shipment sentiment is mixed and the mentality of the industry is not good. Specifically, the price of acetic acid in Jiangsu in East China is weak, and the overall market has not changed much. Acetic acid market prices in Shandong Province fluctuated and fell, factory prices fell, and the market transaction atmosphere 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 29, the price of ethyl acetate in China fluctuated and fell. The wait-and-see attitude in the industry was relatively obvious, and the enthusiasm for replenishing goods in the market was average. The market price of ethyl acetate in North China has been reduced within a narrow range, and the starting prices of major factories in Shandong have been reduced across a wide range. The supply side has recovered as scheduled, and there is a shortage of spot follow-up. Market prices in South China are being consolidated, the focus of market negotiations is low, buying efforts are relatively limited, and most of them have a wait-and-see attitude. East China's ethyl acetate market is mainly consolidated, with industry players significantly bearish and spot buying intensity is poor.