[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 21

The acetic acid price index on March 21 was 2,961.43, compared with-23.57 on the previous working day.

    On March 21, China's glacial acetic acid market continued to weaken partially. The quotations of enterprises in Shandong have been lowered, and the downstream has digested long-term contracts. 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. Prices in North China have dropped and demand is limited. 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 21, 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