Acetic acid: On November 14, China's acetic acid market continued its upward trend

On November 14, the acetic acid price index was 2,708.57, an increase of 30.71 from yesterday and a month-on-month increase of 1.15%.

On November 14, the market price of glacial acetic acid in China increased within a narrow range, and manufacturers were more enthusiastic about supporting prices under the support of little inventory pressure. Specifically, the price of acetic acid in Jiangsu in East China pushed up slightly, and the transaction atmosphere in the region was limited. The market price of acetic acid in Shandong continued to rise. Market prices in Central China adjusted within a narrow range. 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 14, the market price of ethyl acetate in China continued to decline. The market price of ethyl acetate in North China fluctuated and lowered, and the starting prices of major factories in Shandong were lowered. Most operators delisted and waited, with limited transactions. Market prices in South China continue to fall, spot negotiations are cautious, the market atmosphere is poor, and procurement efforts are very limited. The ethyl acetate market in East China followed the downward adjustment, and downstream factories entered the market relatively cautiously, and transactions were flat.