Acetic acid: China's acetic acid market trends on April 8

The acetic acid price index on April 8 was 3,039.28, which was-3.57 compared with the previous working day.

   On April 8, China's glacial acetic acid market fluctuated slightly. Enterprises in Shandong have tight inventories, and some have intentions to push them up. The downstream needs to be stable, and the negotiations are okay. Local enterprises in North China have tight reserves and stable offers. Goods prices in northwest China are low and shipments are active. On-site discussions are okay, but rigid procurement. Enterprises in East China have tight supply of goods, a strong overall atmosphere, and traders have higher offers. Downstream demand is stable, and some new additions are released.

On April 8, China's ethyl acetate market stabilized, and the quotations of major factories in Shandong were stable, but not all transactions were completed. In East China, there is abundant on-site spot, and downstream and terminals are cautious and need it. It is reported that there is no longer a demand gap for terminals. On-site offers in South China are stable, downstream and terminals are cautiously watching and watching changes in raw materials, while holders are mainly shipping.

   Unit: yuan/ton