Formic acid
This week, the domestic industrial grade 85% formic acid market was stable at a high level. Recently, the price of raw material sulfuric acid is stable, the price of raw materials is weak, and the cost support has weakened. The main downstream formate market is mainly purchased on demand. At present, the cost side has little impact, the supply and demand side support is acceptable, and the market transactions are orderly. It is expected that the domestic industrial-grade formic acid market with 85% of the market will mainly operate at a high level in the short term.
Soda ash
The recent shock of soda ash is weak, and the center of gravity continues to move down. The spot transaction was weak, the price center of light alkali continued to move down, and the price difference between light and heavy alkali expanded. Affected by the maintenance, the output on the supply side declined slightly. It is expected that the supply will increase this week and the output of heavy alkali will increase.
Analysis of the previous situation: yesterday, the domestic soda ash market trended generally, and the performance was weak, and some companies made a correction at high prices. The shipments of enterprises are acceptable, the basic production and sales are balanced, and the inventory of individual enterprises has increased. The operation of the device is stable, there is no maintenance plan for the time being, and the load of individual enterprises has dropped. The downstream demand is tepid, the procurement is not active, the market outlook is bearish, and the wait-and-see mood is strong, and low-price procurement is just needed for supplementation.
Today’s forecast: the game of supply and demand, the spot price is negative, the sentiment is weak, and the price center of gravity moves down.
Propylene glycol
Yesterday, the domestic propylene glycol market operated in a range, and the propylene oxide market at the raw material end remained stable, with some support in terms of cost. Downstream waits and sees rigid demand, factory maintenance equipment is concentrated, overall supply is tight, and spot delivery is the main focus.
Today’s forecast: Looking forward to the market outlook, the market is flat and wait-and-see. With the restoration of maintenance equipment, the supply increases, and the raw material cyclopropane market is stable. In the short term, the domestic propylene glycol market is expected to operate in a range, and the order will be mainly wait-and-see.
Isopropanol
This week, the market price of isopropanol is raised. At present, the market conditions are acceptable, the market demand is improving, and the price of acetone in the upstream has been raised, and the cost support is strong. The mentality of traders has been boosted, market confidence is better, and market prices have risen rapidly.
Post time: Apr-12-2023