SunSirs: The Market Did Not Meet Expectations, and the Price of Sodium Acetate Was Weak and Stable in Early April
April 09 2024 14:37:27 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of sodium acetate had recently fallen. As of April 8th, 25% liquid sodium acetate in China was priced at 803 RMB per ton, a decrease of 24 RMB per ton from 82 RMB per ton at the beginning of the month.
Analysis review
From the perspective of raw materials, the overall price of soda ash had been weak since April. With the completion of orders in hand by alkali plants and poor follow-up of new orders, the price of soda ash had recently adjusted narrowly, resulting in a weak and stable market.
As of April 8th, the manufacturer's inventory of raw material acetic acid was still available, with downstream procurement on demand being the main focus. The market stabilized in early April.
Market outlook
Analysts from SunSirs Sodium Acetate Data believe that insufficient upstream support had led to a weak upward trend in sodium acetate prices in April. It is expected that the focus of the sodium acetate market will remain stable in the future, with narrow consolidation being the main focus.
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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
- 2024-04-03 SunSirs: The Supply and Demand of Sodium Acetate Were Mutually Balanced, and the Market Was Fluctuating
- 2024-03-14 SunSirs: The Market Trend of Sodium Acetate Trihydrate Was Narrowly Weaker
- 2024-03-06 SunSirs: Demand Increased, and the Sodium Acetate Market Slightly Rebounded in early March
