[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 19

 The acetic acid price index on March 19 was 2,995.71, compared with-31.43 on the previous working day.

    On March 19, China's glacial acetic acid market partially weakened slightly. In Shandong, the digestion length of downstream markets is mainly about, and spot trading is average. The inventory of enterprises in East China is not high, but some traders are actively shipping, and actual orders have slightly benefited. Downstream digestion is just needed, and spot trading is average. Goods from northwest China in North China have temporarily stabilized, while prices of some sources in North China have low prices, and high-end prices have dropped slightly. 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 19, 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 weakening, and downstream purchases are just needed. 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