[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 22

The acetic acid price index on March 22 was 2,955.71, which was-5.72 compared with the previous working day.

    On March 22, China's glacial acetic acid market continued to weaken partially. Enterprises in Shandong have limited profit margins and low inventories, and offers are stabilizing. The downstream length is mainly digested. The inventory of enterprises in East China is not high, and the on-site offers are stable. New long-term contracts have begun one after another, and downstream procurement is just needed. Prices in North China have dropped and demand is limited. Ports in South China are actively shipping goods, and negotiations on actual orders are low. Downstream just needs to purchase, so buying is cautious.

On March 22, 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. Low prices in East China have obvious constraints. It is reported that the center of gravity in the venue is still declining, with great pressure and limited actual purchase. 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