[Acetic Acid Daily Review] China's Acetic Acid Market Trends on February 4

The acetic acid price index on February 4 was 3,139.29, which was-7.13 compared with the previous working day.

   On February 4, China's glacial acetic acid market fluctuated slightly. The inventory of Shandong enterprises is not high, and the demand is rigid near the end of the year. Long-term digestion is the main priority, and spot trading is light. Goods from northwest China are difficult to arrive, local offers are stable, long-term contracts are delivered, and the spot is scarce. 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 4, the market price of ethyl acetate was stable, and the price of major factories in Shandong was stable and transactions were limited. The quotation of major ethyl acetate factories in East China has been lowered, and the price has returned to normal market prices. Supply and demand in South China are weak, and transactions are weak.

   Unit: yuan/ton