Acetic acid: China's acetic acid market trends on April 2

The acetic acid price index on April 2 was 3035.71, which was stable compared with the previous working day.

   On April 2, China's glacial acetic acid market stabilized. The fundamentals of supply and demand in Shandong are average, downstream spot purchases are cautious, and suppliers are actively shipping. The inventory of local enterprises in North China is low, but the atmosphere in the market is weak, and the mentality of the operators is poor in the market outlook. Pay more attention to the dynamics of northwest goods. Port offers in South China are stable, downstream demand is rigid, and on-site trading atmosphere is average.

On April 2, China's ethyl acetate market was weakened, and the price quoted by major factories in Shandong was lowered by 50 yuan/ton, a slight premium, and two quotations were made. 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