[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 13

The acetic acid price index on March 13 was 3,030.71, which was stable from the previous working day.

    On March 13, China's glacial acetic acid market stabilized. Market offers in Shandong are stable today, downstream demand is average, acetic acid companies have a high start-up level, and operators have an average mentality. Local factories in East China executed export orders, and the offers were stable. However, the buying interest of spot users is sluggish, and the trading atmosphere on the floor is weak. It is expected that the market will be weak and stable in the short term. Today, the market atmosphere in North China is average, and transactions in the northwest are poor. There are also constraints on the local mentality, and the focus is on wait-and-see. Spot demand in South China is generally supported, and the external market atmosphere is weak. Local operators are cautious and wait and see.

On March 13, China's ethyl acetate market rose, and the quotations of major factories in Shandong rose, and the transaction situation was good. Quotes from major factories in East China rose, and overall high-end transactions were limited. South China rose slightly, with limited transactions.

   Unit: yuan/ton