Glacial acetic acid
Acetic acid companies are shipping and arranging stocks, but the industry still has a bearish mentality and purchases on demand. The overall negotiation atmosphere may not improve significantly, and transactions are relatively average. It is expected that the acetic acid market will remain stable today, with the possibility of continuing to decline.
Formic acid
In February, the domestic industrial grade 85% formic acid market was stable with some declines. Before the holiday, the price of upstream methanol (2526, 12.00, 0.48%) mainly increased, the price of upstream sulfuric acid was stable, and the cost support was acceptable. The downstream stocking was orderly on demand, and the holders mainly quoted prices to stabilize the market and shipped goods, and some companies offered profits. Stimulating downstream purchasing and buying, the formic acid market is stable but weak. After the holiday, the price of upstream sulfuric acid first increased and then stabilized. The price of upstream methanol consolidated within a narrow range. The cost impact was average. Downstream demand is gradually recovering. Inquiries and purchases just need to be followed up. Market transactions are orderly. The market price of formic acid is mainly stable. Individual enterprise price adjustments.
As downstream factories start operations one after another, replenishment is just needed, and market transactions are acceptable. It is expected that in the short term, the domestic industrial-grade 85% formic acid market may stabilize and operate stably.
Dichloromethane
In February, the start-up of domestic methane chloride devices fluctuated slightly, and the supply of methylene chloride was relatively stable. In the early stage, merchants actively prepared stocks for the start of downstream operations after the holiday. There was no obvious pressure on the inventory of methylene chloride companies after the holiday; although the raw material methanol (2526, 12.00, 0.48% ) prices are high, and the cost of methylene chloride has some support; however, downstream construction starts around the Spring Festival are low, terminal demand for methylene chloride is light, and the overall market is running weak.
During the holidays, downstream refrigerant production was insufficient, demand was light, and inquiries for methylene chloride were rare. However, as terminal companies gradually resume work after the holidays and refrigerant manufacturers gradually resume work, it is expected that refrigerant production will gradually increase, and demand for methylene chloride will then increase. Definitely support.
Market outlook forecast: At present, the cost of methylene chloride is supported, there is no obvious pressure on corporate inventories, and demand is expected to increase with the gradual rework of downstream companies. It is expected that the market for methylene chloride may fluctuate and rise in March.
Glycerin
The domestic glycerin market price increased slightly, and activity increased slightly. Demand has decreased and picked up. The price of crude glycerin has increased slightly, and the cost side has remained strong. The prices of some manufacturers have increased by 50 yuan/ton. The glycerin market is expected to fluctuate.
Post time: Feb-28-2024