[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 1

                                     Unit: yuan/ton

On February 1, the mainstream of China's glacial acetic acid market was stable and partially weak. North China is weak and stable, with average supply and demand fundamentals, and corporate inventories remain low, with long-term contract digestion mainly; Shandong is stable, and the first phase of Lunan Chemical is recovering, but on-site trading is flat; East China is stable, corporate inventories are not high, and operators wait and see more and operate cautiously; South China is dull, there is a lack of downstream gas, and ports are basically out of stock; Central China is light and soft, and companies are mainly delivering orders, but snowfall will affect transportation; The northwest region is weak, the Great Wall is exported for export, snowfall affects transportation, and prices in Yulin fall. Acetic acid prices are expected to be weak in the short term.

On February 1, the market price of ethyl acetate was stable, pre-holiday purchases were coming to an end, and market transactions were weak. The installations in large factories in the north have gradually recovered and the supply has increased, but snowfall in some areas has affected logistics and transportation. It is expected that the price of ethyl acetate will be stable or weak in the short term. Some units will be shut down as the Spring Festival enters, but the downstream is basically on holiday and demand is light.