Production Capacity Status

• Yankuang Cathay: 1.2 million tons/year, daily output 3,000 tons
• Hualu Hengsheng: 600,000 tons/year, daily output 1,500 tons

Market Update
On January 7, the acetic acid market price in Shandong region was around 2,650 RMB/ton. The price increased by 10 RMB/ton on January 6. Acetic acid quotations in Shandong remain firm, with strong downstream purchasing enthusiasm. Enterprise inventories are relatively low, and market sentiment is optimistic. In the short term, the acetic acid market is expected to remain stable.