Price trend

According to the commodity market analysis system of SunSirs, the market price of liquid sodium acetate hit bottom and rebounded in mid May. As of May 13th, the price of 25% liquid sodium acetate was 787 RMB/ton, which is the lowest price of the year, up 25 RMB/ton from 762 RMB/ton on May 1st.

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.

Before the May Day holiday, the raw material soda ash market was strong and upward, and soda ash will enter the traditional maintenance season. Domestic supply is expected to decrease, but imported soda ash still had plans to arrive at the port, and the supply gap of soda ash may be limited. It is expected that the market will maintain a volatile operation.

Market outlook

Sodium Acetate Data Analysts from SunSirs believe that the cost side is supported by positive factores, which was driving the recovery of sodium acetate prices. It is expected that the sodium acetate market will be mainly stronger in the short term.

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