Glacial acetic acid
The inventory of acetic acid companies is not high, and the rigid demand still exists, so the pressure on shipments is not yet obvious. However, the downstream acceptance of the price increase of acetic acid is average, and the impact of large-scale stocking is low. It is expected that the market price of acetic acid will rise steadily today.
N-butanol
The domestic n-butanol market is stabilizing and consolidating, and the wait-and-see atmosphere is intensifying. The inventory of production plants remains low, and the market spot supply is stable. Downstream users just need to purchase and are slightly resistant to the price of raw materials. Market inquiries and transactions are average, and new orders are limited. It is expected that the domestic n-butanol market will operate stably but weakly today.
Isopropyl alcohol
Isopropyl alcohol is based on two processes: acetone and propylene. At present, the profitability of the isopropyl alcohol-acetone hydrogenation process is better than that of the propylene hydration process, so the price of isopropyl alcohol mainly changes with the acetone raw material.
In 2024, China’s isopropyl alcohol production capacity will still increase, and excess production capacity will have an important impact on the price trend of the isopropyl alcohol market. The main market adjustment direction also falls on the operating rate of isopropyl alcohol. Isopropyl alcohol’s operating load rate may fluctuate frequently in 2024.
From 2022 to 2023, domestic demand will decline. Isopropyl alcohol is currently mainly exported, and domestic demand is limited. With the end of India’s safeguard measures in the form of quotas on imported isopropyl alcohol on March 31, 2024. my country’s isopropyl alcohol exports may increase slightly in 2024.
In short, in 2024, the factors affecting the price of isopropyl alcohol will still be domestic demand, exports, costs and operating load rate adjustments. Under the premise that export volume increases significantly, the market will perform even stronger.
Caustic soda
There are limited changes in the start-up of caustic soda, and the upstream liquid alkali plant warehouses continue to be destocked on a weekly basis. The downstream alumina disk has repeatedly reached high levels, causing disturbances to the price of caustic soda; the industrial-end alumina is still facing the impact of tight bauxite supply and production restrictions, and the weekly start-up period has continued to fall; the weather impact in Henan is expected to be alleviated in the short term, and Shanxi, Southwest, etc. Local production is restricted or reduced due to issues such as security inspections and raw materials. The recent atmosphere of the caustic soda market is acceptable, pre-holiday stocking may have started, and upstream manufacturers are testing gains. In the short term, the marginal supply and demand of caustic soda has strengthened. In addition, the pre-holiday market disturbance has caused the market to run strongly. However, in the medium term, the price is relatively high. The spot price is at a deep discount. The pressure above the market is still high. It is still necessary to pay attention to the intensity of downstream undertakings after the price rises. It is recommended to wait and see.
Soda ash
The spot price of soda ash has stabilized recently. It is understood that manufacturers are doing well in receiving orders, with most manufacturers receiving orders until the end of January and early February. The logic of downstream stocking and replenishment before the trading holiday under the low price in the early stage. Judging from the daily production data released by Longzhong, the weekly production was not stable from last week to this week, and the daily production fell back after reaching 100,000 tons/day. It is expected that the weekly production data released this Thursday will see a week-on-week decline. After the market approached the high-cost line in the early stage, there was no driving force for further declines, and it was more sensitive to bullish news at low levels. After the glass factory experienced over-replenishment in the early stage, the current raw material anxiety has eased, but there are still expectations for further replenishment before the holidays. It mainly depends on the mentality game of the alkali factory and glass factory, that is, whether the price is appropriate. Soda ash trading carries high risks, so investors are advised to be cautious.
Post time: Jan-24-2024