Price trend:
| Sulfamic acid |
According to the Commodity Market Analysis System of Business Society, on March 1st, the domestic price of chloroacetic acid was 3175 yuan/ton. As of March 26th, the price of chloroacetic acid was 3100 yuan/ton, a decrease of 2.36% from the beginning of the month. The market is showing a fluctuating downward trend.
Cost side situation:
The recent decline in the chloroacetic acid market has been affected by the decline in raw material prices, leading to weakened cost support from manufacturers and an increase in low-priced offers.
Regarding acetic acid:
On March 1st, the domestic price of acetic acid was 3100 yuan/ton. As of March 26th, the price of acetic acid was 3002 yuan/ton, a decrease of 3.16% from the beginning of the month. The market is showing a consolidation and downward trend.
The consumption of acetic acid in the terminal market is average, and downstream purchasing enthusiasm is weak. Enterprise shipments are limited, and inventory has increased. In order to stimulate downstream entry into the market, factory quotations have been continuously lowered. However, downstream consumption is slow, and demand support is insufficient, resulting in weak acetic acid prices.
Regarding sulfur:
On March 1st, the domestic sulfur price was 1026 yuan/ton. As of March 26th, the price of acetic acid was 1046 yuan/ton, an increase of 1.9% from the beginning of the month. The market is showing a consolidation and upward trend.
The operation of sulfur refining plants in Shandong region is relatively weak, with manufacturer inventory mainly maintaining at a medium to low level. The market supply of goods has decreased, and downstream procurement follows up on demand. The on-site trading atmosphere is good, and enterprise shipments are smooth. Prices are adjusted upwards due to excessive consolidation.
Demand side situation:
In March, the demand for pesticides was relatively strong, with an overall increase in market inquiries and active market trading. Most product prices and inventory are at historically low levels.
Future Market Forecast:
Business Society Chloroacetic Acid Data Analyst believes that the cost support of chloroacetic acid is supported by both negative and positive factors. In addition, with the increase in downstream demand, the chloroacetic acid market is expected to rebound in the current situation, and specific attention needs to be paid to the actual supply and demand situation.
| http://www.sulfamic-acid.com |