On November 4, the acetic acid price index was 2,710.71, down 35 from the previous working day and 1.27% month-on-month decrease.
On November 4, the market price of glacial acetic acid in China continued to decline. At present, the market has no positive mentality to support it. Downstream replenishment only maintains just demand, and the market transaction atmosphere is limited. Specifically, the price of acetic acid in Jiangsu in East China continues to decline, the market price continues to run lower, and the market transaction atmosphere is poor. Acetic acid market prices in Shandong have fluctuated and fell, factory prices have fallen, and regional markets have followed suit. Companies have limited enthusiasm to enter the market to replenish goods. Market prices in Central China adjusted within a narrow range, and the market followed suit. On the whole, it is expected that the market price of acetic acid will continue to be weak in the short term, but attention needs to be paid to the follow-up of downstream demand.
On November 4, the market price of ethyl acetate in China fluctuated and lowered. 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 continued to be lowered. Market transactions have been poor, with purchases of small orders being dominated. Market prices in South China are temporarily operating steadily, with insufficient spot buying in the market. The overall trading atmosphere in the market is average, and operators are cautiously watching the future outlook. The ethyl acetate market in East China has not fluctuated much. The market is at the low-end negotiation, making it difficult to increase the transaction volume, and buying is mainly needed.
