Acetic acid: China's acetic acid market trends on March 26

The acetic acid price index on March 26 was 2,955.71, which was stable from the previous working day.

    On March 26, China's glacial acetic acid market stabilized. The inventory of enterprises in Shandong is not high, and they have the intention of pushing it up. They wait and see on the market and just need to purchase. The inventory of enterprises in East China is not high, and the new long-term contract has begun to be implemented. However, some real orders negotiations on the market are slightly soft, and downstream buying orders are rigid. Local companies in North China have low inventories and stable offers, and the delivery prices of goods from northwest China have temporarily stabilized. Downstream just needs procurement. The overall atmosphere is okay.

Ports in South China are actively shipping goods, downstream just need procurement, and on-site discussions are average.

On March 25, China's ethyl acetate market stabilized, and the quotations from major factories in Shandong were stable, with a slight premium, and not all transactions were completed. Low-end prices in East China have disappeared, and transactions have been average. South China is abundant in cash, but demand is weak, which has led to greater pressure on holders to lower prices and export sales.

   Unit: yuan/ton