Acetic acid: China's acetic acid market dynamics on March 29

The acetic acid price index on March 29 was 3,035.71,+80 from the previous working day.

    On March 29, China's glacial acetic acid market stabilized. The inventory of enterprises in Shandong is not high, the offers continue to rise, and the downstream needs to be stable. The atmosphere in eastern and northern China is setting off, local companies are tight, and on-site offers follow suit. The downstream just needed to purchase, and the buying intention was a little cautious. Goods from northwest China in North China were slightly stronger, and local prices were on the high side. The venue was just about to buy, and the atmosphere was cautious. Ports in South China offer higher prices, and actual transaction negotiations are the main focus. Downstream just needs procurement.

On March 29, 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. The rise in the price of raw material acetic acid has been driven by mentality and transaction volume has increased. There has been no change in on-site offers in East China, and the holders have positive intentions to ship, focusing on stable price shipments. There is no intention to continue to decline in the market in South China. Prices and shipments are stable and wait for changes in demand, with acetic acid support being moderate.

   Unit: yuan/ton