[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 26

The acetic acid price index on February 26 was 3,060.71, which was stable from the previous working day.

    On February 26, China's glacial acetic acid market stabilized. Prices in Shandong are stable, the fundamentals of supply and demand have not changed much, the actual orders of enterprises are stable, and downstream are just in need of procurement. Supply pressure on enterprises in East China is not high, and offers from enterprises and traders have temporarily stabilized. Downstream just needs to purchase, but buying is okay. The offers of local goods in North China are stable, low-priced goods from other places can flow in, and the atmosphere on the venue is average.

On February 26, the ethyl acetate market was weakened. The price of major factories in Shandong was lowered by 50 yuan/ton over the weekend. Today's transactions improved. High-end prices in East China have weakened, the inquiry atmosphere has improved, and company quotations have temporarily stabilized, waiting to see the impact of downstream low-price purchasing sentiment. On-site price offers in South China have temporarily stabilized. Affected by stronger transactions in other regions, price changes in the region have been limited.

   Unit: yuan/ton