Market trend analysis of formic acid, acetic acid, methylene chloride and chloroform

Glacial acetic acid
Looking at today, the spot supply of acetic acid is tight, and some factories and middlemen are reluctant to sell. There is a rigid demand for goods in the downstream, but the cost pressure is becoming more and more obvious. It is expected that the acetic acid market may continue to rise today.

Formic acid
Recently, the domestic industrial-grade 85% formic acid market has continued to operate stably without significant fluctuations. Recently, the trend of raw material sulfuric acid is on the rise, the price of raw material methanol has fluctuated and rises slightly, the support of cost side has been improved, the enthusiasm of downstream inquiries and purchases is still good, the transaction continues to be rigid demand, and the focus of market negotiations is on stability.
At present, the cost side has risen, and the downstream mostly purchases on demand, and the market has a wait-and-see attitude. It is expected that 85% of the domestic industrial-grade formic acid market will operate stably in a short period of time.

Trichloromethane
Trichloromethane(Chloroform) is due to the current weak demand for downstream fluoropolymers, the industry has an obvious oversupply situation, and fierce competition in supply sources has led to continuous adjustment of market prices in a low range, and chloroform production is at a loss.

Dichloromethane
Since August, some enterprises have been underoperating, and no obvious pressure has been formed in the industry, which has led to a significant rebound in the price of methylene chloride after bottoming out. On the whole, the optimized supply and demand relationship in the stage, as well as the rising cost, support the price of chloride products. In addition, the market mentality has also improved compared with the previous period, and the industry’s acceptance of prices has increased significantly. For example, after the perchlorethylene market released a bottoming signal, the industry’s mentality has improved, and the industry’s mentality has improved. Concentrated purchases have led to a significant rebound in prices.

 


Post time: Aug-17-2023