Acetic acid: China's acetic acid market trends on April 12

The acetic acid price index on April 12 was 3,118.57, compared with 10.71 on the previous working day.

   On April 12, China's glacial acetic acid market rose. Enterprises in Shandong have tight inventories and high offers, but long-term contract shipments are mainly available. Spot negotiation mainly delivers low-cost delivery to other places. Local enterprises in North China have low reserves, and goods from northwest China are shipped at low prices. The on-site trading atmosphere is okay. Downstream just needs procurement. Enterprises in East China and Jiangsu were affected by the installation news, and the rising atmosphere in the north was driven. Holders wait and see more, a small number of offers are firm, and many orders are closed for rise. South China ports offer high prices, but downstream buying is poor and the negotiation atmosphere is weak.

On April 12, China's ethyl acetate market rose. The quotations from major factories in Shandong rose slightly. The raw material acetic acid continued to rise. There was a downstream early transaction volume, and today's transaction was weak. High-end prices in East China have risen. In South China, it is difficult to make deals at high prices on the market, and the pressure on holders is greater, and attention has dropped near the weekend.

   Unit: yuan/ton