[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 14

The acetic acid price index on March 14 was 3,030.71, which was stable from the previous working day.

    On March 14, China's glacial acetic acid market stabilized. The offers from market companies in Shandong are stable. It is reported that the inventory in the market is not high, the companies have no pressure, and the downstream demand is average. Spot users in East China maintain just need to purchase, and the market trading atmosphere is general. However, the raw material methanol is strong and supported by exports, the acetic acid factory does not have much inventory, and most operators remain mainly on the sidelines. On-site supply in North China is relatively high, and company offers are stable, but downstream players have a limited mentality and are cautious and demanding. 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 14, China's ethyl acetate market stabilized, and the quotations from major factories in Shandong were stable, with a premium, and no transaction was completed. High-end prices in East China fell, and transactions were weak. Prices in South China fell slightly, and transactions were limited.

   Unit: yuan/ton