Acetic acid: China's acetic acid market trends on April 17

The acetic acid price index on April 17 was 3,232.14, compared with 17.85 on the previous working day.

   On April 17, China's glacial acetic acid market rose. Local enterprises in Shandong have tight warehouses and mainly submit long-term contracts. Goods from other places have increased slightly. On-site spot buying is rigid. Local enterprises in North China have tight warehouses, long-term contracts for shipment, and high spot prices have temporarily stabilized. Low prices in northwest China have risen, and inventories have dropped significantly. Spot demand in North China is rigid. Enterprises in East China have low inventories and firm offers. Downstream spot buying is not good, and digestion of long-term contracts is the main priority. The overall mentality of the industry is cautious. South China ports are active in shipment and have low intention to negotiate. Downstream just needs procurement.

On April 17, China's ethyl acetate market stabilized, and the quotations of major factories in Shandong were stable. Although raw material acetic acid continued to rise, downstream demand was limited and not all transactions were completed. East China is stable and under high shipping pressure. Downstream and terminals are mainly cautious and wait-and-see. It is reported that real orders can be negotiated. The performance of on-site real orders in South China is average, with the main focus on wait-and-see low prices, and the downstream are more cautious.

   Unit: yuan/ton