Acetic acid: China's acetic acid market trends on April 11

The acetic acid price index on April 11 was 3,107.86, 15 compared with the previous working day.

   On April 11, China's glacial acetic acid market rose. The inventory of enterprises in Shandong is not high, and their offers are slowly rising. Downstream procurement is acceptable, but buying is rigid. Local enterprises in North China have tight reserves and high offers. Shipments of goods from the northwest were positive, but were slightly increased due to the atmosphere in the east. On-site trading was okay. Enterprises in East China have low inventories, but traders are cautious in offering. Downstream just needs to purchase, and the mentality of the industry is average. South China ports offer high prices, but downstream buying is poor and the negotiation atmosphere is weak.

On April 11, China's ethyl acetate market rose, the quotations of major factories in Shandong rose, and the raw material acetic acid continued to rise. Under the mentality of downstream fear of rising, the transaction situation was better and there was a premium. Better transactions in the north drove prices in East China. South China is supported by the premium in the north. Most of the offers in South China have gone up, and the downstream digestion is the main increase.

   Unit: yuan/ton