Latest price:
On March 11th, the average price of chloroacetic acid was 3,150 RMB/ton, an increase of 0.4% compared to the previous working day's price of 3,137 RMB/ton.
Analysis review
Upstream acetic acid companies adopt a wait-and-see attitude, actively shipping as the main focus, and downstream buyers followed up on demand. The trading atmosphere on the market had improved, and prices had risen, providing support for costs.
The supply of sulfur in the upstream had decreased, while downstream factories were still active in purchasing. Local refineries had raised their prices, which provided support for costs.
Market outlook
Supply side support was favorable, downstream construction may improve, and the market trading atmosphere will improve. It is expected that the chloroacetic acid market will consolidate in the short term.
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