On August 30, the acetic acid price index was 3,153.57, down 53.57 from yesterday and 1.67% month-on-month.
On August 30, China's glacial acetic acid market continued to fall, and industry operators were not enthusiastic about entering the market to replenish stocks. Specifically, acetic acid prices in Jiangsu in East China continued to decline, and the overall market transaction atmosphere was poor. The market price of acetic acid in Shandong continued to fall, and the market transaction atmosphere was limited. Market prices in Central China have been adjusted within a narrow range, and factories have mainly implemented contracts. 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 August 30, China's ethyl acetate market prices were adjusted within a narrow range. The market price of ethyl acetate in North China dropped within a narrow range. Major factories in Shandong competed for sales, the starting price was stable, and market transactions continued to increase. As market prices in South China fell, most downstream companies just needed to replenish their stocks, and the trading atmosphere was still moderate. The price of ethyl acetate market in East China fell slightly, and the transaction atmosphere was still acceptable. Some low-level buying demand was in demand, and the downstream just needed to replenish stocks.
