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SunSirs: The Market of Chloroacetic Acid Was Weak and Downward in February

March 04 2024 11:32:45     SunSirs (John)

Price trend

According to the Commodity Market Analysis System of SunSirs, the price of chloroacetic acid fell in February, with a price of 3,175 RMB/ton as of February 29th. At the beginning of the month, the average price of chloroacetic acid was 3,275 RMB/ton, but decreased by 100 RMB/ton within the month, a decrease of 3.05%, and a price drop of 10.1% compared to the beginning of the year.

Analysis review

Affected by the decline in upstream acetic acid prices, the price of chloroacetic acid has shown a weak downward trend.

Affected by rainy and snowy weather, logistics and transportation in the northern region were restricted, and acetic acid factories had poor shipments. Enterprise inventory had accumulated, and the market trading atmosphere was weak, resulting in a downward trend in acetic acid market prices.

Market outlook

As of the end of February, the trading atmosphere inside the chloroacetic acid market had been light, and the shipping pace was average. However, as logistics transportation gradually recovered, the low inventory of upstream acetic acid will provide some support to the chloroacetic acid market, and the weak situation will be alleviated. In the short term, the chloroacetic acid market will mainly operate steadily, and the specific trend still needs to pay more attention to changes in supply and demand news.

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