[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 21

The acetic acid price index on February 21 was 3,089.29, which was-50 compared with the previous working day.

    On February 21, China's glacial acetic acid market weakened regionally. The second-phase acetic acid plant in Shandong Dachang was shut down, and the prices of goods from other places were low. Real orders from local companies followed suit. The trading atmosphere on the site is relatively light, with the focus on demand, and the snowy weather affects shipments. The pressure on corporate stocks in East China is not high, which is based on the high-end downturn in the north. Real orders in East China fell slightly, and the trading atmosphere on the floor was weak. The transportation of goods from northwest China in North China is not smooth, and the prices of local goods have declined at a high end. Downstream just needs to purchase, and the middle price on the market is mostly.

On February 21, the ethyl acetate market weakened, and the price of large factories in Shandong was lowered by 50 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. Price weakness in South China is sorted out.

   Unit: yuan/ton