[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 22

The acetic acid price index on February 22 was 3,060.71, compared with-28.58 on the previous working day.

    On February 22, China's glacial acetic acid market weakened. Prices in Shandong have weakened, and some companies have strong intentions to ship and give profits through actual orders. However, snowfall has affected poor transportation and weak buying intentions. The pressure on corporate stocks in East China is not high. Based on the downward trend in the north, real orders in East China have declined slightly, and the trading atmosphere on the floor has been weak. Local high-end prices in North China have declined, and goods from northwest China have not yet been delivered due to the impact of snowfall. Downstream spot buying was poor.

On February 22, the ethyl acetate market weakened. The price of large factories in Shandong was lowered by 100 yuan/ton. The general cost of transactions was weak. The weak transaction affected the price to continue to weaken. East China has a positive attitude towards shipping by large manufacturers and weak prices. Prices in South China are limited due to the fact that production inventories have just resumed at shut down factories, and the price decline is limited.

   Unit: yuan/ton