Price trend

According to the Commodity Market Analysis System of SunSirs, the price of chloroacetic acid rebounded in mid May. As of May 13th, the price of chloroacetic acid was 3,212 RMB/ton, an increase of 73 RMB/ton from last week's 3,139 RMB/ton.

Analysis review

In terms of raw materials: After the holiday, the market price of acetic acid continued to rise. As of May 13th, the price of acetic acid was 3,397 RMB/ton, an increase of 192 RMB/ton from the beginning of the month, which was 3,205 RMB/ton. The downstream PTA and EVA demand for acetic acid, as well as the export volume of acetic acid, had increased simultaneously. Under the resonance of supply and demand, the price of acetic acid had risen.

Downstream aspect: In April, downstream glycine production enterprises of chloroacetic acid were shut down for maintenance. The operating rate of glyphosate downstream of glycine was high, and glycine orders were considerable. The on-site market was tentatively rising.

Market outlook

SunSirs’ Chloroacetic Acid Data Analyst believes that both supply and demand were strong, and the price of chloroacetic acid was rising. It is expected that the price of chloroacetic acid will maintain a range consolidation trend in late May, depending on the cost side and downstream demand trends.

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