[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 18

The acetic acid price index on February 18 was 3,096.43, down from the previous working day.

    On February 18, some areas of China's glacial acetic acid market weakened. The acetic acid plant in Shandong Dachang was unstable, and the second-phase plant was gradually shut down. The company's inventory increased slightly, but there was no sales pressure. The second phase of Lunan is planned for maintenance, and the spot sales volume is limited. Cargo from ports in South China arrived during the holidays, and operators temporarily stabilized their offers after the holiday. Wait for downstream demand to recover. Supplier offers in East China are stable after the holiday, but downstream demand has not yet recovered. However, based on device news and inventory considerations, the industry's mentality is relatively firm.

On February 18, the ethyl acetate market was stable and weak. After the holiday, corporate inventories increased, demand recovered slowly. Prices of major factories in Shandong were stable and transactions were limited. There were not many ethyl acetate transactions in East China, and the market had a high wait-and-see attitude after the holiday. Supply and demand in South China are weak, and transactions are weak.

   Unit: yuan/ton