Acetic acid: China's acetic acid market trends on April 23

On April 23, the acetic acid price index was 3,235.71, down 34.29 from yesterday and 1.05% month-on-month.

On April 23, the market price of glacial acetic acid in China fell within a narrow range. At present, the supply in the region has gradually recovered. Although the factory has not had much sales pressure, it fell before May Day, and there is still demand for warehouse storage in some regions. The market in East China is operating stably, and currently the market fluctuates mainly in multiple intervals. Quotes in the North China market fell back, and the market transaction atmosphere was poor. The South China market has temporarily stabilized, and the market trading atmosphere has become slightly general. Market prices in Shandong fell, regional quotations were lowered by 50 yuan/ton, and the overall transaction atmosphere in the market was light. At present, as the holiday approaches, manufacturers have a certain demand for inventory storage, and the acetic acid market price is expected to be weak in the short term.

On April 22, China's ethyl acetate market fell slightly, and prices in the East China market remained stable. Most of the on-site transactions were concentrated at the mid-to-low-end levels, and the overall transaction volume was limited. Shandong's major factories bid for sales, and the market price fluctuates little. The overall transaction atmosphere on the market is average, and some preliminary orders are executed. The market in South China has not changed much and the focus of trading is low. Buying momentum is average, and purchases are just in need.

   Unit: yuan/ton