Acetic acid: China's acetic acid market trends on April 16

The acetic acid price index on April 16 was 3,214.29, which was 50 compared with the previous working day.

   On April 16, China's glacial acetic acid market rose. Local enterprises in Shandong have tight reserves and strong offers. The low-end of foreign goods has increased, and the market range is still large. Local enterprises in North China have tight reserves and strong offers. Low prices in northwest China have risen, and a large number of orders have been signed. The length of downstream digestion is the main factor. Enterprises in East China have tight inventories, buyers absorb more long-term contracts, and spot transactions are average. Driven by the rising atmosphere in the north, most of the offers were strong. Driven by the rise in northern South China, port offers rose. Be cautious in on-site buying.

On April 16, China's ethyl acetate market weakened and declined, and the quotations of major factories in Shandong weakened. Although raw material acetic acid continued to rise, downstream demand was limited and not all transactions were completed. Real orders on the market in East China were cautious. Although the raw material acetic acid rose, there were low prices in the north, which had an impact on the market. Low prices in South China have increased slightly, with cargo holders mainly shipping, while downstream and terminals wait and see.

   Unit: yuan/ton