Acetic acid: On November 13, China's acetic acid market increased within a narrow range

On November 13, the acetic acid price index was 2,643.57, an increase of 1 from yesterday and a month-on-month increase of 0.04%.

On November 13, the market price of glacial acetic acid in China increased within a narrow range. At present, most factories mainly implement long-term contracts and mainly support prices. Traders and downstream companies mostly replenish goods on demand. 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 13, the market price of ethyl acetate in China was lowered within a narrow range. The market price of ethyl acetate in North China fluctuated and lowered, the starting prices of major factories in Shandong were stable, market procurement efforts were insufficient, and the transaction atmosphere was significantly weakened. Market prices in South China are being consolidated, market transaction prices have loosened slightly, spot buying sentiment is not high, and most of them are wait-and-see. The ethyl acetate market in East China has been adjusted upward, downstream factories have entered the market relatively cautiously, and transactions have been flat.