Acetic acid: China's acetic acid market trends on April 1

The acetic acid price index on April 1 was 3035.71, which was stable compared with the previous working day.

   On April 1, China's glacial acetic acid market stabilized. The inventory of enterprises in Shandong is not high, and the downstream is just in need of purchasing, so the mentality of the operators is stable. The trading atmosphere in East China was relatively light, and the price range did not change much. Downstream just needs to purchase, so operators are more cautious. Local stocks in North China are tight, and goods in northwest China are temporarily stable. The length of downstream digestion is the main factor. Ports in southern China offer higher prices, while delivery prices in northern China increase. Downstream procurement is the main focus.

On April 1, 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. 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