[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 1

The acetic acid price index on March 1 was 3011.07, which was stable from the previous working day.

    On March 1, China's glacial acetic acid market was stable and weak. Affected by low-priced goods in the south in Shandong, some high-end prices have declined, and suppliers 'intention to ship remains positive. Downstream just needs to buy. The fundamentals of supply and demand in East China are weak. Thorpe will resume production in the first phase of the market. Downstream demand is recovering, and the mentality of the industry is stable. External goods prices in North China are low, but local stocks are low and offers are stable. The on-site trading atmosphere is okay.

On March 1, the ethyl acetate market rose slightly, and the quotations of large factories in Shandong increased. There was a premium in transactions, and all transactions were completed. There are some high-end offers in East China, but it is reported that no transactions have been completed. More attention is paid to the impact of Shandong prices and transaction changes. The performance of real orders in South China is average, and they are mostly waiting to see the impact of changes in the northern market. The recovery of demand in South China is slow.

   Unit: yuan/ton