According to the bulk data monitoring of the business community, as of July 22, the average price of acetic acid in East China was 3612.50 yuan / ton, down 3.67% from 3750.00 yuan / ton at the end of last week, down 12.42% at the beginning of the month, and the market was weak and downward during the week. As of July 22, the market prices of acetic acid in various regions during the week were as follows:

Region, July 15, July 22, price rise and fall

South China. 3650 yuan / ton. 3550 yuan / ton., -100

In North China, 3600 yuan / ton, 3500 yuan / ton, -100

Shandong Province. 3650 yuan / ton. 3450 yuan / ton., -200

Jiangsu region. 3550 yuan / ton. 3450 yuan / ton., -100

Zhejiang region. 3650 yuan / ton. 3550 yuan / ton., -100

The domestic acetic acid market is weak and downward, the downstream demand continues to be weak, the enthusiasm to enter the market is not good, a small number of purchases are dominated by rigid demand, and the supply side of the market is relatively sufficient. In order to maintain the pace of shipment, the price of goods holders is constantly reduced, the market supply and demand game, the operator’s mentality is bearish, and the acetic acid market is weak under the mood of buying up or not buying down.

The price trend of downstream acetic anhydride continued to decline. As of the 22nd, the ex factory price of acetic anhydride was 6475 yuan / ton, down 3.00% from the price of 6675 yuan / ton on July 16. The upstream raw material market is weak, the acetic acid price is lowered, the acetic anhydride support is weakened, the downstream demand is general, and the acetic anhydride market follows the downward trend.

The downstream ethyl acetate Market was weak. As of the 22nd, the average ex factory price of ethyl acetate in East China was 7466 yuan / ton, down 0.89% from the price of 7533 yuan / ton on July 16. The decline in the upstream acetic acid Market eased the cost pressure to a certain extent, but the downstream demand was sluggish, resulting in the weak operation of the ethyl acetate Market.

According to the acetic acid analysts of business club, the supply and demand game in the domestic acetic acid market continues, the on-site supply is relatively sufficient, the downstream demand continues to be weak, the price of cargo holders is lowered, the profit is transferred, the downstream market entry is still not significantly improved, and the on-site bearish is obvious. Considering that the acetic acid price has fallen near the cost line, it is expected that the acetic acid price will fluctuate slightly in the future, and the overall market is weak. Pay attention to the downstream follow-up.