According to the bulk data monitoring of the business agency, as of June 20, the average price of acetic acid in East China was 3962.50 yuan / ton, down 28.09% from the beginning of the month. In June, the price of acetic acid continued to decline since the Dragon Boat Festival, with the highest single day drop of 300 yuan / ton. As of June 20, the market prices of acetic acid in various regions in China are as follows:

Region, June 6, June 20th

Shandong region, 5350 yuan / ton, 3650 yuan / ton

Jiangsu region, 5450 yuan / ton, 3600 yuan / ton

Zhejiang region, 5550 yuan / ton, 3700 yuan / ton

South China, 4850 yuan / ton, 3950 yuan / ton

North China, 5400 yuan / ton, 3650 yuan / ton

In June, the domestic acetic acid market fell sharply, mainly because the downstream demand was weak, the market transaction atmosphere was light, the acetic acid factory had a strong mentality of shipping, and the quotation continued to fall. However, the downstream and traders were generally enthusiastic, and the acetic acid market continued to be weak under the mentality of just entering the market and buying up but not buying down. From the supply side, the faulty devices in the northwest factory resumed operation, the main factories in Shandong resumed retail, the market supply increased, and the supply and demand were weak, Acetic acid market may continue to decline.

The price of acetic anhydride in the downstream fell. As of the 20th, the ex factory price of acetic anhydride was 7500.00 yuan / ton, down 12.10% in June. Mainly due to the upstream market trend, the raw material market was weak and downward. In June, the price of acetic acid fell sharply, the raw material cost of acetic anhydride fell, and the price of acetic anhydride fell with it.

In terms of acetate, the domestic ethyl acetate Market is weak. As of the 20th, the average ex factory price of ethyl acetate in East China was 8400 yuan / ton, down 4.67% in June. The upstream acetic acid market continued to weaken, driving the price of ethyl acetate down. However, the low operating rate of ethyl acetate supply inhibited the sharp decline of the market to a certain extent. In the long run, the market is still weak. The market of butyl acetate was mainly volatile, the cost and demand were negative, the supply side narrowed, and the market was weak under the stalemate of supply and demand. The weak operation of raw acetic acid market has driven the weak consolidation of downstream acetate Market.

According to the acetic acid analysts of the business society, the domestic acetic acid market has a cold trading atmosphere, the factory quotations have been frequently reduced, and the downstream purchase still needs to be followed up. The main plant units in East China will resume operation, the on-site supply will also increase, and the supply will be strong but the demand will be weak. It is expected that the acetic acid market will continue its weak operation, and the long-term trend needs to pay attention to the downstream follow-up.