[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 7

The acetic acid price index on March 7 was 2,968.57, which was-7.14 compared with the previous working day.

    On March 7, China's glacial acetic acid market stabilized. Enterprises in Shandong have shipped goods at stable prices and have no intention to adjust. Downstream just needs to purchase, and the negotiation is average. Prices in East China are stable, corporate inventory pressure is not great, and downstream purchases are just needed. The long-term contract in North China has weakened, and cheap sources of goods from other places have had an impact. Prices in South China weakened slightly, while automobile freight prices in the north were low, and port shipments were active.

On March 7, the ethyl acetate market was stable, and the quotations from major factories in Shandong were stable. There was a premium in transactions and the quantity was limited, and all transactions were completed. Transaction prices in East China are generally stable. Real orders performed generally in South China and prices were stable.

   Unit: yuan/ton