Glacial acetic acid
Looking at today, there is no expectation of fluctuations in the acetic acid plant. The new plant in Hubei has been put into production. It is difficult to increase the enthusiasm of downstream receiving goods. The negotiation atmosphere may turn weak. The acetic acid market is expected to be weak today.
Soda ash
The spot price of soda ash is still loose, with prices in Northeast, North China, East China, Central China and Northwest China all falling yesterday. There is no expectation for maintenance on the supply side, and the industry’s production level continues to remain high. Yesterday, the industry’s operating rate was 88.8%. The demand side performance is still not positive, the downstream purchasing sentiment is weak, and the raw material inventory of glass companies has increased slightly. The current soda ash market sentiment is still weak, and the general trend is still mainly downward.
Caustic soda
Caustic soda futures prices were weak on Wednesday, falling slightly by 0.12%. The price of caustic soda futures was weak in yesterday night’s trading, but the trend showed upward strength. The spot market stopped falling. At present, the inventory pressure of caustic soda enterprises is increasing, the supply inventory increase is expected, and the demand follow-up is slow, and the caustic soda price is still expected to decline. The futures market has entered a low-level hovering stage after the basis difference was relatively high and continued to fall in the early stage. It will continue to be treated with a range-bound oscillation approach during the day, paying attention to possible restorative rebound opportunities in the later period.
Ammonium sulfate
The domestic ammonium sulfate market price fell slightly this week. Although the market for urea has risen, domestic and international demand is currently poor, and the bidding price of ammonium sulfate has been reduced. The market is mainly cautious and wait-and-see, and dealers are less enthusiastic about buying goods. The operating rate of downstream compound fertilizer companies has decreased, and the demand for ammonium sulfate procurement has decreased. The price of ammonium sulfate has been trending downward recently, and downstream and dealers are not very enthusiastic about purchasing. The current market demand is weak, and it is expected that the price of ammonium sulfate will be weak and fall in the short term.
Post time: Oct-26-2023