Soda ash
The price of light alkali in Central China and Northwest China was slightly lowered, while the price of heavy alkali was still tight, and that in Southwest China was raised. Recently, the installation load of individual soda ash enterprises has fluctuated, but it has little impact on supply. At present, although soda ash enterprises have sufficient orders to be issued, the number of days of orders has decreased slightly, and the transaction of new orders has also slowed down slightly. The demand for heavy alkali has just been advanced, and the raw material inventory of downstream enterprises has declined, and the possibility of replenishment in the later period cannot be ruled out. On the whole, the fundamentals of soda ash are still strong, but the influence of external factors has increased. On the one hand, the improvement of glass spot transactions in the Shahe area in the past two days has a certain positive impact on soda ash. On the other hand, the price of raw coal and related caustic soda has dropped significantly, dragging down the price of soda ash. The volatility of the futures market has increased recently, but the inflection point has not yet been seen, and the trend is still treated with the idea of high-level and wide-range shocks.
Glacial acetic acid
The mainstream negotiation in the North China glacial acetic acid market refers to delivery around 2900-3100 yuan/ton. There is no obvious fluctuation in supply and demand in the region, factories maintain stable prices for shipments, and transactions are mainly for rigid demand.
Ethyl acetate
The domestic ethyl acetate market is rising steadily, but the market as a whole is still weak, and the price rises weakly.
The recent market trading atmosphere is still deserted, and downstream purchases are relatively small. The ethyl acetate market rose slightly, and most of the major manufacturers kept their quotations stable. Some manufacturers in Jiangsu Province had a small stock, so their prices rose slightly. Shandong’s main major manufacturers bid for shipments, and the auction still showed a lack of confidence. Although there were transactions at a premium, the price did not break through last week’s level. In terms of raw materials, the price of acetic acid has fallen from its high level this week, and the benefits of the previous rise have been realized, and the market may face negative costs in the later stage.
Forecast of the market outlook: Ethyl acetate is expected to rise weakly near the weekend, and the supply and demand are basically balanced. It is expected that the range will be mainly adjusted next week.
Post time: Feb-17-2023