According to the data monitoring of business agency, the average price of acetic acid in East China was 5070 yuan / ton on February 18. Compared with 5530 yuan / ton at the end of last week, it was reduced by 460 yuan / ton, a decrease of 8.32%. As of February 18, the market price of acetic acid in various regions rose and fell as follows:

region February 12th February 18th Price rise and fall

South China 5450-5550 yuan / ton 4900-5000 yuan / ton – 550/-550

North China 5250-5500 yuan / ton 4600-4800 yuan / ton – 650/-700

Shandong region 5150-5250 yuan / ton 4700-4800 yuan / ton – 450/-450

Jiangsu region 5200-5300 yuan / ton 4600-4700 yuan / ton – 600/-600

Zhejiang region 5300-5400 yuan / ton 4700-4800 yuan / ton – 600/-600

During the week, the acetic acid market was weak and downward, the start-up of acetic acid enterprises was high, the inventory after the festival continued to accumulate, the market supply was sufficient, the downstream demand was rational, the digestion of early orders was mainly, the market entry enthusiasm was not high, the market transaction atmosphere was light, acetic acid enterprises competed passively for shipment, and the quotation continued to be adjusted downward.

Downstream, the market of ethyl acetate decreased significantly. On February 18, the price of ethyl acetate in East China was about 8260 yuan / ton, a decrease of 8.81% during the week. After the festival, the operating rate of ethyl acetate was stable, the downstream demand started slowly, the main factories stopped bidding and changed to retail, and the market response was still weak, mainly due to the incomplete recovery of the operation of downstream factories, weak demand and the decline of ethyl acetate price.

The acetic acid analyst of business society believes that at present, the supply of acetic acid market is sufficient, the downstream demand is light, the enterprise inventory is accumulated, the competitive shipment, the price is reduced, and the situation of short-term oversupply is difficult to improve. It is expected that the future acetic acid market will continue to operate weakly, and pay specific attention to the downstream transaction.