Glacial acetic acid
Acetic acid companies are under cost pressure and have limited room for price cuts. Some factories are still under pressure to discharge inventory. Downstream bearish mentality has weakened, while transaction volume is not obvious for the time being. It is expected that the acetic acid market will still be weak today.
Formic acid
Recently, the market price of domestic industrial grade 85% formic acid has increased. Recently, the price of upstream methanol (2484, -13.00, -0.52%) has been relatively strong, the price of upstream sulfuric acid has increased, and the cost support has increased. The inventory on the supply side is not under pressure, and the supply volume is tight, which supports the market’s price support mentality and the demand side’s enthusiasm to follow up. Generally speaking, the mentality of downstream purchasing is still cautious, market transactions are mainly based on rigid demand, and the formic acid market is operating strongly.
Short-term cost and supply support still exist, downstream inquiries and purchases are mainly based on demand, and the market mentality is acceptable. It is expected that the domestic industrial-grade 85% formic acid market may operate strongly in the short term.
Butyl acetate
Recently, the prices of raw materials acetic acid and n-butanol have fallen to varying degrees. The raw material end has obviously restrained the market, and the upstream supply has resumed as scheduled. The market supply is sufficient, while the downstream procurement pace is slow. It is expected that the butyl acetate market will still have some downward adjustment this week, and a rebound is expected with phased purchases.
Isopropyl alcohol
The isopropyl alcohol market fell within a narrow range, with limited downstream demand and low enthusiasm for buying orders. Holders offered to sell at a discount, and the focus of negotiations was weak and volatile. The isopropyl alcohol market is expected to run weakly.
Glycerin (glycerol)
The domestic glycerin market has recovered slightly. The raw oil and fat market lacks driving force for sustained growth, and the room for price increases is limited. Domestic demand needs to recover, the atmosphere for new orders is not positive, and downstream demand is weak. The market price of glycerin is expected to fluctuate slightly.
Post time: Mar-06-2024