Price trend
According to the Commodity Analysis System of SunSirs, as of May 7th, the price of sodium acetate trihydrate was 2,218 RMB/ton, a decrease of 2.85% compared to the price of 2,283 RMB/ton on April 30th.
On the cost side:
In early May, the raw material acetic acid maintained a pre holiday fluctuation trend. With the restart of shutdown facilities in early April, the supply of acetic acid in the market gradually recovered. Downstream purchasing willingness was not strong, and prices continued to decline, weakening support for sodium acetate.
Market outlook
Although the support for raw material acetic acid had weakened, the recent trend of raw material soda ash was relatively stronger, which provided some support for sodium acetate. It is expected that sodium acetate will operate in a volatile manner in the future.
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