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[Market information]：In April, the vinegar market fell sharply, and the market price was weak.

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In April, the overall acetic acid in the country fell sharply, and the monthly decline of acetic acid reached 18.39%. The maintenance manufacturers of acetic acid equipment in East China have not recovered yet. The supply of goods in the field remains rational, and the downstream purchasing is followed up rationally. The mentality of the operators is mainly on the wait-and-see, and the overall maintenance of price is stable. Due to the accumulation of inventory in some regions, the quotation is slightly lowered. The price trend of acetic acid continued to decline in the middle and late months. Shanghai Huayi acetic acid plant resumed full-load operation. The acetic acid plant of the main manufacturers in Shandong region resumed normal operation. The supply in the site increased. Affected by public health incidents, logistics and transportation were blocked, restrictions such as higher freight and non-transportation in some regions, weaker downstream demand, accumulation of market supply, and the mentality of buying or not buying in the market, the acetic acid market continues to operate in a weak position.

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In terms of demand, the downstream ethyl acetate was in weak operation in April, and the quotation at the end of the month was 8200-8500 yuan/ton, and the basic market was mainly sorted out. Affected by public health events, the operating rate of ethyl acetate in April was relatively low, and some devices mainly reduced the load. At the same time, logistics affected, some shipments were blocked, and market inquiries became more difficult. In addition, in terms of downstream demand, distributors and downstream factories mainly purchase smoothly, and stock up before the festival, to some extent, the price of ethyl ester has been suppressed.

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The price comparison chart of acetic acid and ethyl acetate shows that the prices of the two basically keep the same trend, but the price of ethyl acetate was relatively firm in April, the decline of acetic acid was strong, and the curve opening expanded, indicating that the profits of downstream ethyl acetate enterprises were still improving.

At present, the supply of domestic acetic acid market is sufficient, the stock of enterprises is accumulated, the impact of prevention and control in various regions is limited, the logistics transportation is limited, the downstream demand is weak, and the mentality of the industry is deadlocked, judging from the performance of supply and demand, the market outlook is weak.

Source: Business Club

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