SunSirs: The price of sodium acetate was weak after the Spring Festival
February 29 2024 15:11:45 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of sodium acetate will slightly decline after the year. On February 27th, the average market price of acetic acid was 2383 RMB/ton, a decrease of 17 RMB/ton compared to the price of 2400 RMB/ton on February 18th, a decrease of 0.089%.
Upstream acetic acid and soda ash markets were weak and declining, with insufficient cost support, resulting in a decrease in the price of sodium acetate
After the holiday, acetic acid has been affected by the rainy and snowy weather in the northern region, resulting in limited logistics transportation, poor factory shipments, accumulation of enterprise inventory, weak market trading atmosphere, and a downward trend in market prices.
The operation of the light soda ash plant is relatively stable, and the downstream demand for procurement is average. The enterprise executes more early orders, and the performance of new orders is average. The price of light soda ash fluctuates during operation.
Market outlook
According to analysts from SunSirs, the current market supply of sodium acetate is relatively sufficient, and the mentality of enterprises is not good, resulting in lower prices. Downstream purchases are mainly based on demand, and on-site trading is limited. It is expected that the short-term market for sodium acetate will be weaker.
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- 2024-04-09 SunSirs: The Market Did Not Meet Expectations, and the Price of Sodium Acetate Was Weak and Stable in Early April
- 2024-04-03 SunSirs: The Supply and Demand of Sodium Acetate Were Mutually Balanced, and the Market Was Fluctuating
- 2024-03-14 SunSirs: The Market Trend of Sodium Acetate Trihydrate Was Narrowly Weaker
