Glacial acetic acid
Looking at today, some acetic acid plants are still shutting down or operating with low load, but the enthusiasm for receiving goods downstream in some areas has weakened. It is expected that the acetic acid market will mainly run smoothly today.
Soda ash
July-August is the intensive maintenance season for the soda ash industry, the short-term supply of goods is reduced, and there is a certain gap in supply. The inventory of soda ash manufacturers fell to a historical low, the spot price of soda ash continued to rise, and some manufacturers controlled the receipt of orders. In the short term, the transaction center of soda ash market may still move up slightly. However, from September to November, the new production capacity of soda ash is planned to be 5.1 million tons, and the new production capacity will be gradually released. At the same time, there will be fewer manufacturers for maintenance and reduction, and the supply pressure will be greater. In the medium and long term, the industry is more cautious in trading, and the soda ash market is still under certain downward pressure.
Hydrogen peroxide
Domestic hydrogen peroxide market soared. Since August, the price of hydrogen peroxide terminal caprolactam has continued to rise, and the terminal demand has improved. In addition, major hydrogen peroxide factories have been shut down for maintenance, and the supply has tightened. Multiple positive supports have supported the price of hydrogen peroxide. Manufacturers have raised their ex-factory prices one after another. It is expected that the price of hydrogen peroxide will continue to remain strong, with prices mainly stable.
Formic acid
Since August, the domestic industrial-grade 85% formic acid market has been operating stably. Recently, the price of raw material sulfuric acid has risen, the price of raw materials has been adjusted within a narrow range, the support of cost has been strengthened, the downstream procurement is mainly on demand, the shipment of enterprises is acceptable, the market transactions are orderly, and the market is temporarily stable and wait-and-see. At present, there is some support in terms of cost, and the downstream just-needed procurement is the main focus. It is expected that the domestic industrial-grade 85% formic acid market will be stable in the short term.
Post time: Aug-10-2023