According to the data monitoring of business agency, the average price of acetic acid in East China was 4880 yuan / ton on March 18, up 0.62% during the week compared with 4850 yuan / ton at the end of last week. As of March 18, the market price of acetic acid in various regions rose and fell as follows:

Region, March 12th ., March 18th ., Price rise and fall

South China, 4700-4800 yuan / ton ., 4800 yuan / ton, 100/0

North China, 4550-4650 yuan / ton ., 4700 yuan / ton 150/50

Shandong Province, 4500-4650 yuan / ton ., 4600 yuan / ton, 100/50

Jiangsu Province, 4650-4750 yuan / ton ., 4550 yuan / ton, – 100/-200

Zhejiang Province, 4750-4850 yuan / ton ., 4650 yuan / ton, – 100/-200

During the week, the acetic acid market was consolidated and operated, and the manufacturer’s quotation rose first and then fell. At the beginning of the week, acetic acid manufacturers continued to follow the market price rise at the weekend, and the market consolidation during the week was down, mainly due to the rapid rise of acetic acid market price, the digestion and increase in the downstream, the resistance to the high price supply and the purchase of rigid demand in the market. At present, in terms of market supply and demand, the supply is sufficient, the demand is relatively stable, and the market trading atmosphere is light.

Downstream, the market of ethyl acetate continued to decline. On March 18, the price of ethyl acetate in East China was about 8050 yuan / ton, an increase of 2.40% during the week. In terms of start-up, the unit changes little, the ethyl acetate operating rate is stable, the main factories remain normal compared with last week, the demand side is affected by the epidemic, the transportation is blocked, the market demand is weakened, coupled with the decline of cost, and the price of ethyl acetate is reduced.

According to the acetic acid analyst of business society, at present, the downstream of the acetic acid market occupies a dominant position. Under the pull-up in the early stage, the market quotation is still passively lowered to meet the market. The market supply is sufficient, the downstream demand is weak, and the short-term market is weak. In the long run, there is market news that the main manufacturers in North and East China plan to overhaul at the end of March. It is expected that the market will fluctuate in the future, and pay attention to the situation of enterprise devices.