According to the monitoring of bulk data of business agency, the price of acetic acid continued to decline in July. At the beginning of the month, the average price of acetic acid was 4125.00 yuan / ton, and at the end of the month, the price was 3512.50 yuan / ton. Within the month, the price was reduced by 612.50 yuan / ton, a decrease of 14.85%, and the price was reduced by 41.30% year-on-year.

As of July 31, the details of acetic acid market prices in various regions in China during the month are as follows:

Regions, July 1, July 15, July 31

In South China, 3950 yuan / ton, 3650 yuan / ton, 3500 yuan / ton

In North China, 4050 yuan / ton, 3600 yuan / ton, 3500 yuan / ton

Shandong Province, 4000 yuan / ton, 3650 yuan / ton, 3400 yuan / ton

Jiangsu Province, 3900 yuan / ton, 3550 yuan / ton, 3450 yuan / ton

Zhejiang Province, 4000 yuan / ton, 3650 yuan / ton, 3550 yuan / ton

The acetic acid market continued to decline in July, and the price continued to decline during the month. The market continued to be weak, mainly due to the continuous downturn in downstream demand and the weak demand in the month. The on-site trading was general, and a small amount was close to the rigid demand. On the supply side, the market supply was relatively sufficient, and the poor shipment of enterprises led to the increase of inventory pressure. In order to maintain the shipment Festival, manufacturers continued to sell at a profit, the quotation was lowered, the operator’s mentality was cautious and wait-and-see, coupled with the influence of buying up or not buying down, the acetic acid market was weak.

The price of downstream ethyl acetate continued to fluctuate and decline in July, and the quotation at the end of the month was 7200-7400 yuan / ton, down 4.76%. The downstream demand is sluggish, and the purchasing enthusiasm is weak, resulting in a relatively high inventory of ethyl acetate. However, in terms of construction, the average operating rate of ethyl acetate in July is less than 40%, and the manufacturers have a strong attitude of supporting prices. Therefore, the decline is slower than that of acetic acid. Due to weak demand and insufficient support, the market continues to be weak.

Business analysts believe that the domestic acetic acid market is relatively sufficient, the downstream demand continues to be weak, and the trading atmosphere on the floor is light. Because the price of acetic acid has fallen near the cost line, the mentality of the industry is temporarily stable and wait-and-see, and the decline of acetic acid has slowed down. It is expected that the short-term acetic acid market will be consolidated and operated, and attention will be paid to the downstream follow-up.