According to the monitoring of the bulk data of business community, as of August 19, the average price of acetic acid in East China was 3000.00 yuan / ton, down 10.45% compared with the price of 3350.00 yuan / ton at the end of last week, down 14.59% compared with the beginning of the month. During the week, the market continued to be weak. As of August 19, the market prices of acetic acid in various regions during the week are as follows:

Regional. On August 13 and August 19, prices rose and fell

In South China, 3250 yuan / ton, 3100 yuan / ton, – 150

In North China, 3250 yuan / ton, 2950 yuan / ton, – 300

Shandong Province, 3200 yuan / ton, 2900 yuan / ton, – 300

Jiangsu Province, 3150 yuan / ton, 2900 yuan / ton, – 250

Zhejiang Province, 3250 yuan / ton, 3000 yuan / ton, – 250

The domestic acetic acid market is in a weak position. The price continues to fall during the week. There is no good news released in the market. The supply of goods from suppliers is relatively sufficient, the downstream demand continues to be weak, and the purchase follow-up is general. In order to relieve the inventory pressure and make profit, the carriers actively ship goods. The market center of gravity moves downward. Under the sentiment of buying up but not buying down, the acetic acid market is in a weak position.

The price trend of acetic anhydride in the lower reaches was weak and downward. As of the 19th, the ex factory price of acetic anhydride was 5800 yuan / ton, a decrease of 6.45% over the price at the end of last week. The market of raw materials in the upstream has declined, the price of acetic acid has continued to decline, the cost of acetic anhydride has decreased, the downstream just needs to purchase is general, the industry is mainly on the sidelines, the enthusiasm for entering the market is weak, and the market of acetic anhydride is weak.

The downstream ethyl acetate Market was weak and volatile. As of August 19, the average ex factory price of ethyl acetate in East China was 7033 yuan / ton, a decrease of 0.24% over the beginning of the week. The lower price of acetic acid in the upstream brought negative costs, and the lower price of ethyl acetate in the downstream made a slight increase in trading volume. However, from the perspective of terminals, the orders in August were insufficient, the overall demand was relatively weak, and the ethyl acetate Market was still weak.

According to the acetic acid analysts of business association, some domestic acetic acid plants have entered the state of load reduction or shutdown for maintenance, and the market supply pressure has been relieved. However, the downstream support is weak, the on-site trading is light, and the situation of weak downstream demand in a short time cannot be improved. It is expected that the acetic acid market will continue to be weak, and the specific attention will be paid to the shutdown of suppliers and the downstream follow-up.