[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 12

The acetic acid price index on March 12 was 3,030.71,+5 from the previous working day.

    On March 12, China's glacial acetic acid market was mainly stable. In Shandong, on-site digestion and consolidation are the main focus. Due to overhauling in the downstream in the northwest, the export volume of acetic acid has increased, so operators are cautious and wait and see. Local factories in East China have low inventories and firm offers, but downstream users have no pressure to purchase raw materials. Spot users are not enthusiastic about purchasing, and the overall market atmosphere has declined. The increase in export volume in North China and Northwest China has had an impact on the mentality of the venue. Today's shipments are mainly stable. Downstream demand in South China is relatively general, port shipment intentions are positive, and actual orders are temporarily stable.

On March 12, China's ethyl acetate market was stable, company quotations were stable, and transactions were good. Offers in East China are stable, downstream and terminals are cautious and need to purchase, and raw material acetic acid is generally supported and digestion is the main focus. The market inquiry atmosphere in South China today is light, support for raw materials has weakened, and the pressure on sellers is still high.

   Unit: yuan/ton