[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 20

The acetic acid price index on March 20 was 2985, which was-10.71 compared with the previous working day.

    On March 20, China's glacial acetic acid market partially weakened slightly. The inventory pressure of enterprises in Shandong is not high, and considering factors such as cost, the offer is temporarily stable. Downstream digestion approximately. Enterprises in East China have low inventories, and downstream companies just need to buy. The on-site trading atmosphere is good, and the mentality of the operators is relatively general. Local enterprises in North China have low inventories, shipments from the northwest have improved, and offers have stabilized. On-site trading was okay. The on-site trading atmosphere in South China has not changed much. Suppliers are actively shipping, actual orders are temporarily stable, and downstream purchases are just needed.

On March 20, China's ethyl acetate market weakened. The price of major factories in Shandong was lowered by 50 yuan/ton, a slight premium, and not all transactions were completed. Prices in East China are weakening, and downstream purchases are just needed. Domestic sales pressure in South China is high, with holders mainly shipping at low prices, but downstream and terminal orders are light.

   Unit: yuan/ton