[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 5

The acetic acid price index on March 5 was 2,975.71, which was-10.71 compared with the previous working day.

    On March 5, China's glacial acetic acid market weakened regionally. The fundamentals of supply and demand in Shandong are still good, companies ship at stable prices, and downstream demand is rigid. External goods prices in East China are low, and on-site demand is acceptable. Local enterprises in North China have stabilized prices and sold goods for long periods of time, while low prices for foreign goods have affected them, and on-site trading is still acceptable.

On March 5, 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. Real orders performed generally in South China and prices were stable.

   Unit: yuan/ton