Glacial acetic acid
The inventory levels of acetic acid companies are not high, and the quotations are stable. There are still some downstream companies that just need to receive goods, but the overall spot trading is flat. Acetic acid companies have stabilized prices for shipments, and the buying and selling atmosphere in the spot market has been flat. Some companies have delisted and taken a vacation.
The glacial acetic acid market has partially declined. The current bad weather in the northwest and Henan regions has affected logistics and transportation. After the factory price in Shandong was lowered, the secondary auction price in the northwest subsequently fell. However, as the market was closed one after another, the market trading atmosphere was light and there was little demand for downstream replenishment. It is expected that the price of glacial acetic acid will remain stable in the short term.
Formic acid
As of February 4, the domestic industrial-grade 85% formic acid company quotations fell by 0.79% compared with the price on Monday (January 29).
This week, the market price of domestic industrial grade 85% formic acid was stable but fell. Recently, the upstream sulfuric acid market price has been stable, and the upstream methanol market has fallen within a narrow range, with limited cost impact. The downstream stocking is orderly and on-demand before the holidays. The holders mainly offer stable market prices and ship goods, and some profit concessions are made to promote orders.
At present, the impact on costs is average. As the holidays approach, players are delisting and taking vacations, and market transactions are gradually slowing down. It is expected that the domestic industrial-grade 85% formic acid market will be stable before the holidays.
Butyl acetate
This week is approaching the Spring Festival, and downstream users are preparing to withdraw goods from the market. Although the market is expected to decline, manufacturers still need to keep inventory low before the holiday, and the cost-end performance is average. The market’s overall price adjustment momentum is limited. It is expected that the butyl acetate market will decline this week. Continue the weak trend.
Post time: Feb-05-2024