[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 5

The acetic acid price index on February 5 was 3,121.43, compared with-17.82 on the previous working day.

   On February 5, China's glacial acetic acid market area continued to weaken. 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 5, the ethyl acetate market was weak, and the price of major factories in Shandong was lowered by 50 yuan/ton, with limited transactions. There are not many ethyl acetate transactions in East China, and the downstream market is entering a holiday. Supply and demand in South China are weak, and transactions are weak.

   Unit: yuan/ton