SunSirs: Cost Support Was Insufficient, and the Chloroacetic Acid Market Was Weak and Downward in Early March
March 06 2024 10:56:54 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of Business Society, the market for chloroacetic acid was weak and downward in early March. As of March 6th, the price of chloroacetic acid was 3,138 yuan/ton, a decrease of 37 yuan/ton or 1.58% compared to March 1st, which was 3,175 yuan/ton.
The price of raw material acetic acid had dropped
According to the Commodity Market Analysis System of Shengyishe, as of March 6th, the price of acetic acid was 3,051 yuan/ton, a decrease of 49 yuan/ton or 1.58% compared to the price of 3,100 yuan/ton on March 1st.
Downstream procurement was on-demand
After the holiday, downstream construction began one after another, and the purchasing atmosphere on the demand side slightly improved. However, the main focus was still on small orders for basic needs, and the market trading sentiment was average.
Market outlook
Analysts from Business Society believe that raw material enterprises had high operating rates, market supply might be mainly high, and there as a lack of favorable conditions on the market and insufficient cost support. However, downstream demand had increased, and it is expected that the overall market for chloroacetic acid will remain stagnant and consolidate in March. In the future, specific attention will be paid to downstream replenishment.
If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.
- 2024-04-17 SunSirs: In Mid April, Downstream Demand Surged, and Demand for Chloroacetic Acid Began to Release
- 2024-04-09 SunSirs: The Chloroacetic Acid Market Remained Stable in Early April
- 2024-04-07 SunSirs: Adequate Cost Support, the Market for Chloroacetic Acid Was Stronger and Rising
- 2024-03-20 SunSirs: Chloroacetic Acid Was Consolidating in Early March
- 2024-03-13 SunSirs: On March 11th, the Market for Chloroacetic Acid Was Sorted out to Be Upward
