Acetic acid: On October 31, the acetic acid market price in China fluctuated and lowered

On October 31, the acetic acid price index was 2,776.43, down 32.85 from yesterday and 1.17% month-on-month.

On October 31, the market price of glacial acetic acid in China dropped significantly. At present, factory shipment sentiments are mixed and the mentality of the industry is not good. Specifically, acetic acid prices in Jiangsu in East China are weak, the trading atmosphere in the region is poor, and offers continue to fall. Acetic acid market prices in Shandong Province fluctuated and fell, factory prices in the region fell, and the market followed suit. Market prices in Central China adjusted within a narrow range, factory prices fell, and the market followed suit. On the whole, it is expected that the acetic acid market price will be weak in the short term, but attention should also be paid to the follow-up of downstream demand.

On October 31, the market price of ethyl acetate in China fluctuated and fell, and the wait-and-see mood in the industry was more obvious. The market price of ethyl acetate in North China has been reduced within a narrow range. The starting price of major factories in Shandong has continued to be lowered. The main purchase order is just needed, and the transaction is flat. Market prices in South China followed suit, and the focus of negotiations fell again. Spot buying was flat and the mentality was cautious. The ethyl acetate market in East China has weakened, with holders actively shipping and spot buying efforts have not been strong.