Acetic acid: On November 1, the market price of acetic acid in China continued to fall

On November 1, the acetic acid price index was 2,745.71, down 30.72 from yesterday and a month-on-month decrease of 1.11%.

On November 1, the price of glacial acetic acid in China continued to decline. Currently, the market has no positive mentality to support it, and the trading atmosphere is light. Specifically, the price of acetic acid in Jiangsu in East China is weak, and the market price continues to run low. Acetic acid market prices in Shandong Province fluctuated and fell, factory prices fell, and regional markets 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 November 1, the weak market price of ethyl acetate in China was consolidated. The market price of ethyl acetate in North China has been reduced within a narrow range. The starting prices of major factories in Shandong have remained stable, mainly in need of procurement, and market transactions have been moderate. Market prices in South China have temporarily stabilized, the focus of negotiations has dropped again, spot buying has been flat, and the mentality has been cautious. The ethyl acetate market in East China has not fluctuated much, with holders actively shipping and spot buying efforts being poor.