[Acetic Acid Daily Review]: China's Acetic Acid Market Trends on March 27

The acetic acid price index on March 27 was 2,955.71, which was stable from the previous working day.

    On March 27, China's glacial acetic acid market rose. The inventory of enterprises in Shandong is not high, and the offers are steadily pushing up. The downstream needs are better, and the mentality of the industry has improved. Enterprises in East China have low inventories, and the rising atmosphere in the north has affected the market center of gravity slightly increased. The downstream digested the new long-term contract, and the buying intention was slightly better. Goods delivery to northwest China in North China has increased, and local enterprises have low reserves. The actual orders on the field were strong. The overall trading atmosphere is active. Driven by the rising atmosphere in the north of South China, port offers have temporarily stabilized, and on-site buying is acceptable.

On March 27, China's ethyl acetate market was lowered, and the price of major factories in Shandong was lowered by 50 yuan/ton, a slight premium, but not all transactions were completed. Prices in East China are stable. 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