Glacial Acetic Acid
The market demand for glacial acetic acid in North China continued to be flat, the prices of some sources were lowered, and the focus of market negotiations was shifted down, so the industry remained on the sidelines.
Ethyl Acetate
Last week, the market price of ethyl acetate dropped overall. Looking at this week, the price of ethanol is expected to continue to rise, but the acetic acid market is expected to be weak, and the overall guidance of the cost side is limited. Due to cost pressures, the main factories are not willing to cut prices and promote sales, and prices are expected to be stable but not to fluctuate.
Butyl Acetate
Last week, the butyl acetate market fluctuated within a narrow range. Looking at this week, n-butanol is likely to fall steadily, the price of acetic acid is mainly in consolidation, the cost side is unsupported and weakened, and the downstream demand is also performing poorly. It is expected that the price of butyl acetate will fall within a narrow range.
Citric Acid(Citric Acid Monohydrate, Anhydrous Citric Acid, Sodium Citrate)
Last week, the price of citric acid was weak and stable, and the upstream production enterprises started to operate at a low level, and the inventory accumulated. Considering that most foreign trade customers place orders before Christmas, it is expected that the citric acid industry may be boosted to a certain extent. In terms of raw materials for production, the enthusiasm of grassroots grain sales centers in North China has increased, and transportation and logistics have gradually recovered. It is expected that corn prices may fluctuate at high levels this week. The price of corn fell slightly from high levels, the production cost of citric acid fell, and the losses of production enterprises may gradually ease. Considering the supply and demand situation and production cost, it is expected that the market price of citric acid will continue to consolidate weakly this week.
The citric acid manufacturers of Jiangsu Guoxin Association and Weifang Enxuan Industrial are in normal production, with relatively abundant supply and strong enthusiasm for shipments.
The manufacturer of Shandong Linyi Qixing Lemon Technology Co., Ltd. is in normal production, and the inventory has accumulated slightly.
The price of lemon biochemical citric acid is stable this week, and manufacturers are operating normally with a stable mentality.
Post time: Dec-05-2022