[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 11

The acetic acid price index on March 11 was 3,025.71,+57.14 from the previous working day.

    On March 11, the market price of glacial acetic acid in China rose. The inventory of enterprises in Shandong is not high, which pushed up slightly over the weekend. The venue just needs to be stable, but long-term contract delivery is better. Enterprises in East China have tight inventories, supported by rising prices in China, and the atmosphere in the venue is slightly better. The downstream just needs to be stable, but the mentality of the industry's market outlook is good. The inventories of local companies in North China were low, and the prices of external goods rose over the weekend. The venue just needs stability and the atmosphere is okay. Downstream demand in South China is relatively general, port shipment intentions are positive, and actual orders are temporarily stable.

On March 11, China's ethyl acetate market rose, and the raw material cost and acetic acid price rose. The price of large factories in Shandong increased by 50 yuan/ton. There was a premium for transactions, and all transactions were completed. The northern region rose significantly and the eastern region rose significantly. Real orders performed generally in South China and prices were stable.

   Unit: yuan/ton