Acetic acid: China's acetic acid continued its rise on June 14
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June 14, 2024, 9:49 PM On June 14, the acetic acid price index was 3,231.43, unchanged from yesterday.
On June 14, the market price of glacial acetic acid in China was consolidated at a high level. At present, the overall inventory pressure of manufacturers in the region is not large, which supports the increase in manufacturers 'quotations to a certain extent. Specifically, today, the market price in East China is stable. Today, the price of glacial acetic acid in Jiangsu is reported to 3,100 - 3,150 yuan/ton, and the market price in Zhejiang is reported to 3,200 - 3,250 yuan/ton. Market prices in Shandong are stable, and the overall market transaction atmosphere is acceptable. 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 June 14, the market price of ethyl acetate in China increased within a narrow range, and the market price of ethyl acetate in North China rose. Major factories in Shandong bid for sales, and the starting price continued to increase, and the transaction volume was flat. The price of ethyl acetate market in East China has increased, upstream storage has a price attitude, poor market procurement atmosphere, insufficient downstream follow-up, and resistance to shipments and storage. Market prices in South China have been consolidated at a high level, there is a lack of new orders in the market, upstream shipments are blocked, and shippers are storing shipment demand.
