[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 15

The acetic acid price index on March 15 was 3,027.14, which was-3.57 compared with the previous working day.

    China's glacial acetic acid market was sorted out on March 15. High-end market prices in Shandong have weakened slightly, and the mentality in the market is average. Operators are mainly cautious and wait and see, purchasing on demand. Major local factories in East China implemented export shipping schedules, and inventories were tight, and spot prices increased within the day. However, there is no gap in on-site supply, and the mentality of the operators is stable. It is expected that short-term market consolidation will be the main focus. In North China, on-site shipments are dominated by stable prices, but the downstream is cautious and urgent, and the overall atmosphere is average. At present, most downstream people in South China remain on the sidelines. Spot users just need to purchase, and the atmosphere on the site is average.

On March 15, China's ethyl acetate market stabilized, and the quotations from major factories in Shandong were stable, with a premium, and no transaction was completed. Low-end prices in East China rose. Low prices in South China have increased, and some delivery prices have dropped. Holders have strong intentions to ship, but the transaction atmosphere is poor.

   Unit: yuan/ton