According to the monitoring data of East China, the average price of acetic acid rose by 4880 yuan / ton in November, compared with 428 yuan / week in East China. As of March 11, the market price of acetic acid in various regions rose and fell as follows:

region . March 5th . March 11th . Price rise and fall

South China . 3550-3650 yuan / ton . 4700-4800 yuan / ton . 1150/1150

North China . 3350-3500 yuan / ton . 4550-4650 yuan / ton . 1250/1100

Shandong region . 3400-3500 yuan / ton . 4500-4650 yuan / ton . 1150/1150

Jiangsu region . 3500-3600 yuan / ton . 4650-4750 yuan / ton . 1150/1150

Zhejiang region . 3600-3700 yuan / ton . 4750-4850 yuan / ton . 1150/1150

During the week, the acetic acid market rose strongly, and the manufacturer’s quotation continued to rise sharply. Mainly because the price of acetic acid continued to fall to the cost line in the early stage, downstream traders took goods actively with the bottom reading mentality, the inventory pressure of manufacturers was reduced, and driven by the rising market of raw methanol, the quotation of acetic acid manufacturers rose. The large rise in the bidding price of acetic acid in the main factories in Northwest and Henan during the week was good for the market mentality, the speculation mood of cargo holders was strong, and the price of acetic acid returned rapidly, Increase by about 200-350 yuan / ton in a single day.

Downstream, the market of ethyl acetate rose sharply. On March 11, the price of ethyl acetate in East China was about 8350 yuan / ton, an increase of 7.49% in the week. In terms of commencement, there was little change in ethyl acetate. The main factories remained stable compared with last week, and the downstream of the demand side gradually recovered. In addition, the cost drove the price of ethyl acetate to rise.

According to the acetic acid analysts of business society, the rising trend of acetic acid market continues, and the pressure on enterprise inventory is released under the mentality of buying up but not buying down. Due to the rapid rise in the short term, in the short term, the market situation may be in a stalemate next week. We will wait and see the downstream acceptance of high prices. In the long term, there is market news that the main manufacturers in North and East China plan to overhaul at the end of March, It is expected that the future market will be sorted upward, and attention will be paid to the installation of enterprises.