[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 25

The acetic acid price index on March 25 was 2,955.71, which was stable from the previous working day.

    On March 25, China's glacial acetic acid market stabilized. Enterprises in Shandong have low inventories and limited profit margins, so offers are temporarily stable. The new long-term contract will be implemented, and downstream digestion of the long-term contract will be the main priority. Enterprises in East China have low inventories. The new long-term contract has begun to be implemented, and the actual order has been temporarily stabilized. Downstream just needs to purchase, but buying is okay. The inventory of local enterprises in North China is low, and the delivery of goods from northwest China is stable. Trading on the floor is acceptable, but buying is rigid.

Ports in South China are actively shipping shipments, but actual orders are weak. Some northern goods are delivered at low prices. Downstream just needs to buy.

On March 25, China's ethyl acetate market fluctuated within a narrow range. The price quoted by major factories in Shandong rose by 50 yuan/ton, a slight premium, and not all transactions were completed. Prices in East China were sorted out and transactions were average. 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