[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 18

The acetic acid price index on March 18 was 3,027.14, which was-3.57 compared with the previous working day.

    On March 18, China's glacial acetic acid market stabilized slightly. In Shandong, the digestion length of downstream markets is mainly about, and spot trading is average. Enterprises temporarily stabilize shipments and pay more attention to inventory changes. The inventory of enterprises in East China is not high, but the market spot is still good, and traders 'offers are stable. The downstream needs are mainly for immediate needs, and the digestion is mostly for long periods. Prices in North China weakened slightly, prices in northwest China fell, local spot goods were scarce, and the market center of gravity declined. Downstream just needs procurement. 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 18, China's ethyl acetate market weakened, and the price of major factories in Shandong was lowered by 50 yuan/ton. There was no premium and not all transactions were completed. Prices in East China are stable, and downstream are just in need of procurement. The atmosphere at the venue in South China continued to be light, downstream and terminal intentions to receive orders were limited, and the daily market for holding goods weakened.

   Unit: yuan/ton