[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 20

The acetic acid price index on February 20 was 3,096.43, which was stable compared with the previous working day.

    On February 20, China's glacial acetic acid market stabilized. The second-phase acetic acid plant in Shandong Dachang was shut down, and the second-phase of Lunan was repaired. Local offers were stable. Downstream just needs procurement. Some enterprises in East China have temporarily suspended their installations, the pressure on corporate warehouses is not high, and market spot trading is average, and the focus of negotiations is temporarily stable. Downstream just needs procurement. North China has positive intentions to ship northwest goods, with low local stocks and long-term contracts for shipment. The on-site trading situation is average.

On February 20, the ethyl acetate market was weak. The price of large factories in Shandong was lowered by 70 yuan/ton. The transaction was average and the company's inventory pressure was great. East China was affected by large factories in Shandong and high inventory pressure, stimulating market transaction prices to continue to weaken. Prices in South China remained stable.

   Unit: yuan/ton