Last week and this week, the glacial acetic acid market was stable. Although the upstream equipment failed frequently, it could not drive the enthusiasm of downstream purchases, and the factory had inventory support during the equipment maintenance, which led to price consolidation in various regions. Currently, the main factories in Henan and Northwest China have postponed the maintenance. It is expected that glacial acetic acid will remain stable this week. Ethyl acetate factories are currently subject to inventory pressure. From last weekend to this week, they have shown a price reduction strategy to exchange price for volume, but the effect is not significant. The main factories in Shandong, Hebei, and Henan have all lowered their prices, and there are no equipment failures and maintenance. Currently, there are many channels for downstream selection. Ethyl ester is expected to run weakly this week. The price of n-propyl ester stabilized after rising last weekend. Currently, the price of East China is negotiable. The downstream receiving atmosphere has weakened.
It is expected that n-propyl ester will consolidate this week. The East China factory will implement the previous order to arrange the planned shipment. The price of n-butyl ester is gradually falling due to the influence of raw material butanol. The price in Shandong and Hebei regions has dropped significantly, and is close to the previous bottom price range. Downstream customers are cautious about accepting goods, and replenishment is mainly for urgent needs, It is expected to run relatively stable this week.
