SunSirs: Adequate Cost Support, the Market for Chloroacetic Acid Was Stronger and Rising
April 07 2024 10:27:20 SunSirs ( John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of chloroacetic acid had continued to rise recently. On March 24th, the price of chloroacetic acid was 3,102 RMB/ton, and as of April 2nd, the price of chloroacetic acid was 3,198 RMB/ton, with an increase of 96 yuan per ton. It was mainly supported by raw materials such as acetic acid/liquid chlorine.
Analysis review
Specifically, in terms of raw material acetic acid, the price of acetic acid had recently bottomed out and rebounded. Subsequently, the inventory of manufacturers had gradually decreased. With the improvement of market trading atmosphere, enterprises had a strong intention to rise, and with the support of mentality, the price of acetic acid continued to rise.
The trend of the raw material liquid chlorine market was upward, and downstream purchasing sentiment was good. Enterprises were adjusting prices one after another, providing strong support for the price of chloroacetic acid.
Market outlook
SunSirs’ Chloroacetic Acid Data Analyst believes that the raw material news was positive, market demand had increased, and market prices may rise. It is necessary to pay attention to downstream follow-up in the future.
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
- 2024-03-20 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
- 2024-03-06 SunSirs: Cost Support Was Insufficient, and the Chloroacetic Acid Market Was Weak and Downward in Early March
