Price trend
According to the Commodity Analysis System of SunSirs, in mid April, the price of chloroacetic acid was 3,187 RMB/ton, a decrease of 13 RMB/ton from 3,200 RMB/ton at the beginning of April, basically unchanged.
Analysis review
On the demand side, downstream glyphosate had recently bottomed out and rebounded. Although the domestic trade market had performed poorly, the demand in the foreign trade market was steadily releasing, and the market demand was developing well. Some companies had already filled their orders in April and are expected to perform positively in the future.
Market outlook
SunSirs’ analysts believe that the downstream demand for chloroacetic acid had surged, providing strong support for its price, and the market may mainly fluctuate and rise in the near future.
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