News

This week's core viewpoints
This week, the citric acid market is running smoothly. Citric acid manufacturers' ex-factory quotations remain stable, the supply is normal, and shipments are in order. Downstream demand is relatively weak, traders and downstream companies are in a wait-and-see mood, and the enthusiasm for taking goods is average. The market trading activity is low, and the buying and selling atmosphere is light. It is expected that the citric acid market price may continue to run steadily next week.

This week's key viewpoints
This week, the citric acid market is running smoothly. Downstream and traders are not very enthusiastic about purchasing goods. They purchase goods as they are sold and purchase them based on rigid demand. The buying and selling atmosphere is weak. The wait-and-see sentiment in the industry is strong. Downstream and traders are cautious about purchasing goods and have little intention to replenish goods. It is expected that the price of citric acid will continue to be stable in the short term.

This week's core viewpoints
The citric acid market continued to operate steadily this week. From the perspective of raw materials, corn prices rebounded slightly, and the production costs of enterprises remained high for the time being. From the supply side, the inventory of upstream production enterprises gradually accumulated, and the industry supply was sufficient. From the demand side, the market demand was relatively stable, and the enthusiasm of downstream food and beverage processing plants to purchase goods was average. It is expected that the price of citric acid will remain stable in the later period.

The profit of glacial acetic acid was affected by the decline in methanol prices. The price of glacial acetic acid remained firm, so the profit recovered. The shipment sentiment of ethyl acetate was mixed during this period, and the price in the East China region declined, so the profit declined. The overall fluctuation of butyl acetate profit was not large.

The domestic acetic acid market price fluctuated within a narrow range this week. The price range of ethyl acetate market was adjusted this week. The price of butyl acetate market rose first and then fell this week.
The average weekly price of glacial acetic acid in East China market was 2625 yuan/ton, which was flat compared with the previous month;
The average weekly price of ethyl acetate in East China market was 5208 yuan/ton, which was down 0.42% compared with the previous month;
The average weekly price of butyl acetate in East China market was 6288 yuan/ton, which was down 0.35% compared with the previous month;

Last week's core viewpoints
Last week, the price of citric acid remained stable. The domestic market demand for citric acid was weak, and downstream buyers were less enthusiastic about purchasing. They were cautious about purchasing and only needed to purchase. Previous orders have arrived one after another, and downstream demand has slowed down. According to feedback from traders, the operating rate of food and beverage processing plants was low, and there was not much purchase, and the buying and selling atmosphere was weak. It is expected that the price of citric acid will be mainly stable in the near future.

The domestic acetic acid market price fell this week. The ethyl acetate market price fluctuated narrowly this week. The butyl acetate market price continued to fall this week.
The average weekly price of glacial acetic acid in the East China market was 2,645 yuan/ton, down 0.75% from the previous month;
The average weekly price of ethyl acetate in the East China market was 5,240 yuan/ton, down 0.04% from the previous month;
The average weekly price of butyl acetate in the East China market was 6,310 yuan/ton, down 2.25% from the previous month;

This week's core viewpoints
This week, the price of citric acid continued to rise steadily. From the supply side, upstream manufacturers are producing normally and supplying stably, and the industry has sufficient supply. From the demand side, the domestic market's early orders have arrived one after another, demand has slowed down, and the price increase has stimulated some downstream purchases, but the overall support is not strong.

The domestic acetic acid market price range was adjusted this week.
The market price of ethyl acetate rose slightly this week.
The market price of butyl acetate continued to fall this week.

Glacial acetic acid
In the short term, the price of glacial acetic acid may be relatively stable.

Ethyl acetate
Today, the market price of ethyl acetate may fluctuate strongly.

Butyl acetate
Today, the market price of butyl acetate fluctuates, and attention should be paid to changes in raw material prices.

Soda ash
Supported by orders from alkali plants, there is not much pressure in the near future, and inventory is showing a downward trend.

This week's key viewpoints
This week, the price rose slightly. As the price of raw corn fluctuated upward, the cost support increased, and the price of citric acid increased by 50 yuan/ton. The downstream market boost was limited, and some customers had rigid replenishment needs. Post-holiday replenishment alleviated some supply pressure, and upstream inventory decreased. It is expected that the price of citric acid will be mainly stable in the near future.