Acetic acid: China's acetic acid market trends on April 9

The acetic acid price index on April 9 was 3,084.28, compared with 45 on the previous working day.

   On April 9, China's glacial acetic acid market rose. Enterprises in Shandong have tight inventories, and offers have increased slightly. Downstream just needs to purchase, and buying is active. Local enterprises in North China have tight reserves, bidding for goods from northwest China is at a premium, and the on-site trading atmosphere is active. The inventory of enterprises in East China is not high, and traders are testing high offers, but the actual transaction is still low. There was just a need to purchase on the venue, and the trading atmosphere was average. Affected by the rising atmosphere in northern South China, port offers rose, and there was just a need to buy on the market.

On April 9, China's ethyl acetate market stabilized, and the quotations of major factories in Shandong were stable. Due to the increase in the price of raw material acetic acid, all transactions were completed. The low prices in the market in East China have decreased, the upward trend of raw material acetic acid has supported the mentality, and some companies have intentions to increase prices. The focus of on-site offers in South China has increased. The rise in raw material acetic acid has driven the market mentality, and offers have followed suit.

   Unit: yuan/ton