SunSirs: Chloroacetic Acid Was Weakly Operating in Early May

https://www.chemnet.com   May 09,2024 SunSirs

　　Price trend

　　According to the market analysis system of SunSirs, as of May 7th, the price of chloroacetic acid was 3,139 RMB/ton, a decrease of 2.29% compared to April 30th at 3,212 RMB/ton.

　　Analysis review

　　Raw material side:

　　In early May, the raw material acetic acid maintained a pre holiday fluctuation trend. With the restart of shutdown facilities in early April, the supply of acetic acid in the market gradually recovered. Downstream demand for goods was not strong, and prices continued to decline, weakening support for chloroacetic acid.

　　In terms of raw material liquid chlorine: Some units of chlor alkali enterprises in the main production area had maintenance plans in May, and the decrease in liquid chlorine production may provide support for chloroacetic acid.

　　On the demand side:

　　The traditional cotton textile peak season was coming to an end, and downstream demand had not improved. The price of indigo dye, a downstream product of chloroacetic acid, had not fluctuated significantly and remained stable at around 45,000 RMB/ton.

　　Market outlook

　　Supply and demand were weak, and it is expected that the price of chloroacetic acid will fluctuate weakly.

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