Acetic acid
The glacial acetic acid market continued to operate stably. The overall shipments of factories were average, and the inventory of enterprises further increased, mainly due to the expected maintenance of the main factories in East China, and the overall shipment pressure of the factories was not great. It is expected that the price of acetic acid may stabilize in the short term.
Formic acid
The market for industrial-grade 85% formic acid has no obvious fluctuations, and the quotations of enterprises are generally stable. In the near future, the raw material sulfuric acid market is mainly stable, and the raw material market is running weakly. The impact on the cost side is not significant. The normal shipments of enterprises are the mainstay. The downstream inquiries and purchases continue to be rigid, and the price of formic acid is stable.
Butyl acetate
The market price of n-butanol, the raw material, stopped falling and rose instead. Frequent fluctuations at the cost side have led to a tightening of downstream attitudes. Some users are cautious in their operations and their purchases in the market are limited. It is expected that the market price of butyl acetate will be weak.
Isopropanol
Recently, the center of gravity of the isopropanol market has gone down, and the downstream has entered the off-season ahead of schedule. The weak internal and external demand is difficult to change. In addition, the raw material acetone has fallen sharply, and the production cost of acetone-based isopropanol is insufficient to support the production cost. The seller lowers the price. In the later period, terminal demand will hardly recover, and the downstream will continue to be weak. In addition, the operating rate of isopropanol equipment will increase in the later period, which will be negative for the isopropanol market. Market declines are limited.
In the next two weeks, the domestic production of isopropanol will show an increasing trend. Overall, China’s production will gradually increase, restricting the isopropanol market.
Propylene Glycol
Yesterday, the domestic propylene glycol market was stalemate, and the market atmosphere was more wait-and-see, with more inquiries, but the overall transaction was limited. In terms of raw materials, the propylene oxide market stabilized in the afternoon, and there was some support in the cost side, but the shipment of propylene glycol factories was under pressure, and the overall profit margin was limited.
Looking forward to the market outlook, the raw material propylene oxide market atmosphere is positive, propylene glycol is under cost pressure, the downstream atmosphere is wait-and-see, and the terminal follow-up is slow. In the short term, it is expected that the domestic propylene glycol market will be adjusted, and we will continue to pay attention to raw materials and demand trends.
Post time: May-17-2023