Price trend

According to the market data analysis system of SunSirs, liquid sodium acetate showed a trend of first rising and then falling in May. The price of liquid sodium acetate in mid month was 787 RMB/ton, an increase of 3.21% from the beginning of the month. After the high price, the price fell. As of May 27th, the price of liquid sodium acetate was 762 RMB/ton, falling back to the same level as the beginning of the month.

Analysis review

From an upstream perspective, the supply and demand of raw material acetic acid were stronger in the first half of the month, with inventory continuing to decline and prices showing strong performance. The mid month increase reached 4.49%, and the price of sodium acetate was subsequently raised. However, as the downstream of acetic acid resisted high prices, the market price stabilized, and the price decreased by 1.42% compared to the beginning of the month. The momentum for the continued increase of sodium acetate was insufficient.

In May, the continuous maintenance of soda ash enterprises led to a reduction in supply, resulting in a basic balance between production and sales. Manufacturers still held orders, inventory continued to decline, and prices rose strongly.

Market outlook

According to the data Sodium Acetate analyst of SunSirs, the inventory pressure of upstream acetic acid enterprises was still acceptable, the sales pressure of manufacturers was weakened, and on-site trading was limited. Under the game of supply and demand, it is expected that the short-term acetic acid market will be wait-and-see consolidation, and prices may fluctuate narrowly, with weak support for sodium acetate. It is expected that the sodium acetate market will be weakly consolidated, and specific attention will be paid to the upstream and downstream situation in the future.

If you have any questions, please feel free to contact SunSirs with support@SunSirs.com.