[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 28

The acetic acid price index on February 28 was 3014.64, compared with-22.86 on the previous working day.

    On February 28, China's glacial acetic acid market weakened regionally. Enterprises in Shandong absorbed the decline and considered profit factors, so they were not willing to adjust prices. Local enterprises in East China have low treasury pressure, low external goods prices have affected, and the market center of gravity is soft. Intention to buy on the floor should be cautious. Goods prices in the northwest of North China are low, local spot volumes are not large, and the market range is large. Downstream start-up has not been affected. Port shipping intentions in South China are high, but actual orders are soft. Downstream is just in need of purchasing, so the industry is cautious.

On February 28, the ethyl acetate market was stable, and the quotations of major factories in Shandong were stable. There was a premium in transactions, and all transactions were completed. The prices of some offers in East China have increased slightly, and the operators are mainly focusing on the low-end and just need to purchase. In South China, on-site cargo holders mainly shipped goods, demand has gradually recovered, and the inquiry atmosphere has improved.

   Unit: yuan/ton