SunSirs: On March 11th, the Market for Chloroacetic Acid Was Sorted out to Be Upward
March 13 2024 14:23:48 SunSirs (John)
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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- 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
- 2024-03-06 SunSirs: Cost Support Was Insufficient, and the Chloroacetic Acid Market Was Weak and Downward in Early March
