[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 23

The acetic acid price index on February 23 was 3,060.71, which was stable from the previous working day.

    On February 23, China's glacial acetic acid market weakened. Prices in Shandong are stable, corporate reports are temporarily stable, and transportation is gradually returning to medium and downstream demand to maintain rigid demand. The offers of enterprises and traders in East China have temporarily stabilized, but the pressure on the stock market is actually not high. The downstream still needs time to recover, and operators are operating cautiously. 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 23, the ethyl acetate market weakened, and the price of large factories in Shandong was lowered by 50 yuan/ton. The market purchasing atmosphere was insufficient and the price continued to weaken. Logistics shipments in East China were affected by snowfall weather. Downstream demand for prices in South China is weak, and transactions are average.

   Unit: yuan/ton