According to the bulk data monitoring of business society, the average price of acetic acid was 7260 yuan / ton on October 22. Compared with 8410 yuan / ton on October 16, it was reduced by 1150 yuan / ton during the week, a decrease of 13.67% and 13.05% month on month. As of October 22, the market price of acetic acid in various regions in China rose and fell as follows:

region October 16th October 22nd Price rise and fall

South China 8500-8700 yuan / ton 7300-7400 yuan / ton – 1200/-1300

North China 8300-8550 yuan / ton 7100-7350 yuan / ton – 1200/-1200

Shandong region 8400-8600 yuan / ton 7100-7300 yuan / ton – 1300/-1300

Jiangsu region 8500-8600 yuan / ton 7000-7100 yuan / ton – 1500/-1500

Zhejiang region 8600-8700 yuan / ton 7100-7200 yuan / ton – 1500/-1500

The domestic acetic acid market fell broadly. After the acetic acid plants of enterprises successively returned to normal operation, the market supply continued to accumulate, while the limited power production had an impact, the downstream operation was low, the market demand was weak, the market purchase was just needed, and the on-site trading was light, resulting in the accumulation of enterprise inventory and slow consumption of market supply. In order to maintain the shipment, the quotation of domestic acetic acid enterprises continued to decline.

In the downstream, the market of ethyl acetate was weak and downward during the week. As of October 22, the price of ethyl acetate in East China was 10062.5 yuan / ton, with a decrease of 1.23% during the week. Most manufacturers’ devices operated normally, with increased supply and higher inventory. However, the downstream industry was affected by power restriction and weak demand, resulting in a decline in the delivery speed of ethyl acetate manufacturers and a weak and downward market.

According to the acetic acid analysts of business society, in terms of supply in the domestic market, the manufacturer’s inventory is accumulated, and the supply of acetic acid market is sufficient. In order to maintain shipment, the price of enterprises continues to decline, the downstream purchase is still rational, and the contradiction between supply and demand will not be significantly improved in a short time. It is expected that the future market will be weak, and the specific attention will be paid to the market transaction.

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