Acetic acid: On November 7, China's acetic acid market was weakened

On November 7, the acetic acid price index was 2,683.57, unchanged from yesterday.

On November 7, the market price of glacial acetic acid in China was temporarily stabilized, and traders and downstream goods were mostly wait-and-see. Specifically, the price of acetic acid in Jiangsu in East China has not fluctuated much, and the transaction atmosphere in the region is limited. 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. 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 7, the market price of ethyl acetate in China fluctuated and lowered. The market price of ethyl acetate in North China continues to decline, the starting prices of major factories in Shandong continue to decline, the transaction volume has increased slightly, and the purchasing pace remains cautious. Market prices in South China have also been lowered, and the market has maintained its need for small orders, and the downstream mentality remains cautious. The ethyl acetate market in East China fluctuated and lowered, with insufficient market transactions, light atmosphere for spot negotiations, and operators continued to wait and see.