Acetic acid: On November 8, China's acetic acid market was reduced within a narrow range

On November 8, the acetic acid price index was 2,654.29, down 29.29% from yesterday and 1.09% month-on-month.

On November 8, the market price of glacial acetic acid in China fell within a narrow range, and the overall transaction atmosphere in the region was limited. 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 8, the market price of ethyl acetate in China continued to decline. The market price of ethyl acetate in North China continues to decline, and the starting price of major factories in Shandong continues to decline. Market procurement is not active for the time being, and transactions are still limited. Market prices in South China have also been lowered, and market transactions are limited and buying is just needed. The ethyl acetate market in East China fluctuated and lowered, spot buying was insufficient, and market transactions continued to be deadlocked.