SunSirs: The Market Trend of Sodium Acetate Trihydrate Was Narrowly Weaker
March 14 2024 13:53:13 SunSirs (John)
Price trend
According to the commodity market analysis system of SunSirs, the market situation of sodium acetate trihydrate was narrowly weakened this week, with a price of 2,383 RMB/ton on March 13th, a decrease of 0.69% compared to February 13th.
Analysis review
In terms of raw material soda ash: According to the commodity market analysis system of SunSirs, the domestic light soda ash price on March 13th was 2,046 RMB/ton, a decrease of 13.65% compared to February 13th. The supply of spot soda ash had started to fluctuate at a high level, and the inventory of enterprises continued to accumulate. In terms of downstream demand, procurement was not active, mostly maintained replenishment of inventory on demand. The price of soda ash was operating in a weak market.
Regarding raw material acetic acid: According to the commodity market analysis system of SunSirs, the domestic acetic acid price on March 13th was 3,115 RMB/ton, a decrease of 6.05% compared to February 13th. The operating rate of acetic acid enterprises was relatively high. In March, acetic acid manufacturers have no maintenance plans, and the market supply of goods may be mainly high. Downstream product demand was weak, and there was limited purchasing of acetic acid. There was a lack of favorable conditions on site, and the market price of acetic acid had been lowered one after another.
Market outlook
Analysts from SunSirs believe that the overcapacity and price decline of upstream products had led to a weakening of the price of sodium acetate trihydrate, and it is expected that sodium acetate trihydrate will operate in a weak market in the future.
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- 2024-05-08 SunSirs: In Early May, the Price of Sodium Acetate Trihydrate Decreased
- 2024-04-17 SunSirs: In mid April, Sodium Acetate Fell by 3%,Reaching an Annual LowLevel
- 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
- 2024-03-06 SunSirs: Demand Increased, and the Sodium Acetate Market Slightly Rebounded in early March
