According to the Commodity Market Analysis System of Business Society, the price of acetic acid has recently fallen. As of April 8th, 25% liquid sodium acetate in China was priced at 803 yuan per ton, a decrease of 24 yuan per ton from 82 yuan per ton at the beginning of the month.
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From the perspective of raw materials, the overall price of soda ash has been weak since April. With the completion of orders in hand by alkali plants and poor follow-up of new orders, the price of soda ash has recently adjusted narrowly, resulting in a weak and stable market.
At present, the manufacturer’s inventory of raw material acetic acid is still available, with downstream rigid demand procurement being the main focus. The market stabilized in early April.
Analysts from Shengyishe Sodium Acetate Data believe that insufficient upstream support has led to a weak upward trend in sodium acetate prices in April. It is expected that the focus of the sodium acetate market will remain stable in the future, with narrow consolidation being the main focus.
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