[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 8

The acetic acid price index on March 8 was 2,968.57, which was stable from the previous working day.

    On March 8, China's glacial acetic acid market stabilized. Enterprises in Shandong have intentions to explore growth, but wait and see. The downstream just needs to be stable, and the atmosphere in the field is okay. Enterprises in East China have tight inventories, and spot offers have been pushed up due to export and long-term contract orders. On-site traders are temporarily stable and wait and see, but downstream needs to be stable. 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 are lower than those in the north, and the prices of motor freight are lower, and downstream demand is poor, making the market real orders weak.

On March 8, China's ethyl acetate market stabilized, and the quotations of major factories in Shandong were stable. There was a premium for transactions, 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