Acetic acid: On November 12, China's acetic acid market stabilized and moved slightly

On November 12, the acetic acid price index was 2,643.57, down 3.57 from yesterday and 0.13% month-on-month.

On November 12, the market price of glacial acetic acid in China was consolidated within a narrow range, and market prices in some regions fell somewhat. 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 have adjusted within a narrow range, and factory retail orders in the region have been poorly traded. On the whole, it is expected that the market price of acetic acid will adjust within a narrow range in the short term, but attention should also be paid to the follow-up of downstream demand.

On November 12, the market price of ethyl acetate in China increased within a narrow range. The market price of ethyl acetate in North China fluctuated upward. The starting price of major factories in Shandong continued to increase. The premium atmosphere dropped slightly, and the main need for buying was just now. Market prices in South China have been consolidated and operating. The market has absorbed more early supplies, the pace of downstream procurement has slowed down slightly, and the trading atmosphere has been mild. The ethyl acetate market in East China has been upgraded, and the atmosphere for new orders has been slightly general.

Unit: yuan/ton