Toocle, your infinite trade circle.
Sign In
-
2023-04-05 20:05:46[Biz info] SunSirs: Acetic Acid Market Was Sorted Up (March 25-31) According to data monitoring by SunSirs, as of March 31, the average price of acetic acid in East China was 3,300 RMB/ton, up 3.12% from the price of 3,200 RMB/ton on March 25, and up 4.76% from the beginning of the month.
Analysis review
The domestic acetic acid market was up in consolidation. Early this week, the news of the shutdown and maintenance of the Northwest Acetic Acid Plant was released, and the supply of goods on the site was expected to decrease. The industry was optimistic. The quotation of acetic acid manufacturers in other regions was increased, coupled with the impact of buying up and not buying down sentiment, resulting in better corporate trading and an upward trend in acetic acid prices.
The upstream raw material methanol market fluctuated and went down. As of March 31, the average price in the domestic market was 2,561.67 RMB/ton, a decrease of 1.22% compared to the price of 2,593.33 RMB/ton on March 25. The market of raw coal was dominated by wait and see, and the cost side lacked positive support. The trading atmosphere on the market was weak, the downstream follow-up was average, and the methanol market was weaker.
The downstream acetic anhydride market was sorted up. As of March 31, the factory price of acetic anhydride was 5,462 RMB/ton, an increase of 2.34% compared to the price of 5,337 RMB/ton on March 25. The upstream acetic acid price rose, and the cost support for acetic anhydride was good. The downstream of acetic anhydride followed up on demand. The market negotiation was good, and the acetic anhydride price rose.
Market outlook
According to the acetic acid analyst of SunSirs, as of the 31st, the acetic acid market had sufficient supply, the trading atmosphere had returned to a stable state, and downstream purchases were on demand. The operator had a wait-and-see mentality. It is expected that the acetic acid market will operate smoothly in the short term, with specific attention paid to downstream follow-up.#SunSirs# #Acetic Acid#
Leads
Trends for you
Who to follow
-
Started in the year 2009, SunSirs is a well-diversified market intelligent company in China & Aboard, offering an integrated price, news and research sharing platform in bulk commodities. SunSirs believes in growing with its clients step by step and create mutual beneficial relationship. It’s about having a firm step to go that extra mile and it’s about making customers and cooperators as a part of community. At SunSirs, we provide an integrated internet platform of benchmark prices, analysis, news, consulting and conferences across 8 vital industries in China, including energy, chemical, rubber and plastics, non-ferrous metals, steel, textile, building materials and agricultural and sideline sectors. Headquartered in Hangzhou and subsided in pan China presence, we have extensive network and deep-rooted relationships in China manufacturers, wholesalers and retailers. With overseas offices in the US, the Netherlands, Korean and the well-built sales network, we serve our customers in the global metal ecosystem. At SunSirs, we help you ‘Access to Real China Market’ from a global perspective. Our Chinese version SunSirs (100ppi.com) has the largest number of commodities in China even in global. It is highly systematic, standard and easy to read. Also, our company has succeeded in predicting the economy’s turning points many time, which is around half month earlier than HSBC’s PMI. It indicates that SunSirs Index steps in the mature stage. SunSirs Index is the leading and authority economic measure of micro and macro economy, and widely applied by financial institutions, researchers, manufactures and individual investors. -
-
-
-
