On November 28, the acetic acid price index was 2,782.14, unchanged from yesterday.
On November 28, the price of the glacial acetic acid market in China was consolidated and put into operation. At present, the overall supply pressure on the market is not large, which supports the increase in the quotations of manufacturers in the region. Specifically, the price of acetic acid in Jiangsu in East China has adjusted within a narrow range, and there is little pressure on on-site inventories, which supports the higher prices of industry companies. The market price of acetic acid in Shandong has been temporarily stabilized. Market prices in Central China are operating steadily, and the market transaction atmosphere in the region is fair. On the whole, it is expected that the acetic acid market price will be high in the short term, but attention should also be paid to the follow-up of downstream demand.
On November 28, the market price of ethyl acetate in China adjusted within a narrow range. The market price of ethyl acetate in North China is stable, and the starting price of major factories in Shandong continues to increase. The transaction atmosphere is poor, with individual premiums. Market prices in South China fell within a narrow range, and the trading atmosphere was general. Most of the stock holders were actively shipping, and downstream procurement enthusiasm was not high. The ethyl acetate market in East China has adjusted within a narrow range. The market has absorbed more early orders, and the overall purchasing speed has slowed down.
