[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on February 29

The acetic acid price index on February 29 was 3011.07, which was-3.57 compared with the previous working day.

    On February 29, China's glacial acetic acid market stabilized. Enterprises in Shandong Province ship at stable prices and deliver long-term contracts. Downstream is just in need of procurement, and the mentality of the industry is stable. The fundamentals of on-site supply and demand in East China are relatively general. Thorpe will resume production in Phase I, and supply expectations will increase. Prices of goods in the northwest of North China are low, local long-term contracts are the main ones, and the on-site trading atmosphere is general. 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 29, the ethyl acetate market was sorted out and put into operation. The quotations of major factories in Shandong were stable, and there was a premium in transactions, and all transactions were completed. East China has maintained a stable trend, and downstream is just in need of procurement. In South China, on-site cargo holders mainly shipped goods, demand has gradually recovered, and the inquiry atmosphere has improved.

   Unit: yuan/ton