[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 4

The acetic acid price index on March 4 was 2,986.43, compared with-24.65 on the previous working day.

    On March 4, China's glacial acetic acid market weakened regionally. Enterprises in Shandong have adjusted prices over the weekend, and the on-site trading atmosphere is general, with long-term contract shipments mainly. The impact of low external goods prices in East China has led to a downward trend in the local market's focus. Downstream demand is average, and the trading atmosphere is weak. The delivery price of goods from other places in North China is low, and the prices of some local goods are adjusted accordingly. Downstream demand is mainly rigid.

On March 4, the ethyl acetate market was stable, and the quotations from major factories in Shandong were stable. There was a small premium in transactions, and all transactions were completed. East China is stable and transactions are average. 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