SunSirs: In mid April, Sodium Acetate Fell by 3%,Reaching an Annual LowLevel

https://www.chemnet.com   Apr 17,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, sodium acetate maintained a downward trend in mid April. As of April 15th, 25% liquid sodium acetate in China was priced at 800 RMB per ton, a decrease of 27 RMB per ton from 827 RMB per ton at the beginning of the month. From the annual trend, the price was at a low level.

Analysis review

From the perspective of raw materials, the upstream pure alkali market was weak and stable, with poor transaction performance, and some enterprises had shut down their facilities. The downstream glass production line remained stable, and the supply-demand relationship was gradually balanced.

Market outlook

According to sodium acetate data analysts from SunSirs, upstream soda ash maintenance companies will gradually recover in the later stage, with an expected increase in raw material soda ash supply, stable glass photovoltaic production lines, and good demand in the soda ash market, which will provide support for the sodium acetate market. The price of sodium acetate is expected to fluctuate narrowly.

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