Acetic acid: On November 5, the center of gravity of China's acetic acid market continued to move downward

On November 5, the acetic acid price index was 2,683.57, down 27.14 from yesterday and 1% month-on-month decrease.

On November 5, the market price of glacial acetic acid in China continued to decline. The weak cost side affected the mentality of the industry. At the same time, the overall downstream procurement pace was general. Traders in many places were cautious and factory shipments were blocked. Specifically, the price of acetic acid in Jiangsu in East China has not fluctuated much, market prices continue to decline, and some traders have a positive shipping mentality. The acetic acid market prices in Shandong are consolidated and running, and industry operators have limited enthusiasm to enter the market and 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 5, 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. The market has obvious bearish factors, and transactions have continued to be light. Market prices in South China followed suit, with limited market transactions, insufficient spot buying, and a deserted atmosphere. The ethyl acetate market in East China fluctuated and lowered. The market was on the low-end side of negotiations, making it difficult to increase the transaction volume, and buying was mainly needed.