Glacial acetic acid
Looking at today, the overall load of acetic acid is still high and the supply is stable. Production companies mainly ship goods, while the downstream intention to receive goods is average. It is difficult to significantly improve the negotiation atmosphere. It is expected that the acetic acid market will continue to weaken today.
Formic acid
The formic acid market fell in September. The cost support before the holiday was limited, and inventory pressure still existed. The demand side followed cautiously, and the market atmosphere was weak. After the double holiday, the raw material methanol fluctuated within a narrow range, and the raw material sulfuric acid was mainly stable. The cost side The support is acceptable, downstream inquiries and purchases are followed up as needed, cargo holders are mainly active in shipping, the formic acid market is mainly stable, and some companies have lowered their prices. At present, the cost support is average, and market transactions are mainly based on demand. It is expected that the domestic industrial grade 85% formic acid market may consolidate and operate in the short term.
Soda ash
Soda ash prices are running weak this week. Soda ash in East China and North China is operating in a consolidated manner. The soda ash operating rate this week is around 88%, and the soda ash output this week is about 700,000 tons. Domestic soda ash prices are running weak. Recently, soda ash manufacturers have completed maintenance, and the overall supply is stable, while downstream demand is light and stable. Due to the game of supply and demand, it is comprehensively expected that soda ash prices will fluctuate and run weakly in the later period. It depends on the downstream market demand.
Butyl acetate
Butyl acetate market prices rose slightly. The increase was mainly driven by costs. The upstream n-butanol market rose after the holiday, which diluted the negative effects of the decline in acetic acid. The fundamentals of supply and demand remain stable, with downstream post-holiday purchases slightly supported, and market transactions are acceptable. There is still downward pressure on the cost from acetic acid. The fundamentals of supply and demand may turn negative in the near future as downstream companies finish replenishing their stocks. It is expected that butyl acetate may run weakly in the short term.
Post time: Oct-13-2023