[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 27

The acetic acid price index on February 27 was 3,037.50, compared with-51.79 on the previous working day.

    On February 267, China's glacial acetic acid market weakened regionally. Prices in Shandong have weakened, corporate orders have declined, and some sales pressures have been slightly obvious. Downstream buying is mainly rigid. In East China, however, due to the decline in external goods, the local center of gravity has followed suit. Downstream purchases are mainly needed, and most of them are long contracts. Prices of foreign goods in North China are low, and local prices are adjusted accordingly. The industry just needed to purchase on the site, but the mentality of the industry was average. Ports in South China are actively shipping goods, but offers are soft. The delivery price of goods and automobiles in the north is low, and downstream demand is rigid.

On February 27, the ethyl acetate market was stable, and the quotations from major factories in Shandong were stable. There was a premium in transactions, and all transactions were completed. The on-site transaction atmosphere in East China continues to recover, and the mentality of operators has improved compared with the previous period, with sellers mainly shipping. Affected by the improvement in transactions in other regions, South China has increased in-site inquiries, with shipments mainly from holders.

   Unit: yuan/ton