[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 2

The acetic acid price index on February 2 was 3,146.42, compared with-70.72 on the previous working day.

 On February 2, regional prices in China's glacial acetic acid market continued to weaken. The first phase of the plant in Shandong Dachang is gradually recovering. Demand is limited near the Spring Festival, and transactions are weak. In North China, most long-term contracts are implemented, and corporate inventories are not high. Purchases in East China are relatively light and transactions are limited. There are not many stocks in South China, and there are many holidays downstream, so transactions are limited.

On February 2, the market price of ethyl acetate weakened slightly. The starting price of major factories in Shandong was lowered by 50 yuan/ton, and transactions were limited. Large ethyl acetate factories in East China delivered export orders, but China's demand was weak. Supply and demand in South China are weak, and transactions are weak.

   Unit: yuan/ton