According to the Commodity Market Analysis System of Business Society, the price of chloroacetic acid rebounded in mid May. As of May 13th, the price of chloroacetic acid was 3212 yuan/ton, an increase of 73 yuan/ton from last week’s 3139 yuan/ton.
In terms of raw materials: After the holiday, the market price of acetic acid continued to rise. As of May 13th, the price of acetic acid was 3397 yuan/ton, an increase of 192 yuan/ton from the beginning of the month, which was 3205 yuan/ton. The downstream PTA and EVA demand for acetic acid, as well as the export volume of acetic acid, have increased simultaneously. Under the resonance of supply and demand, the price of acetic acid has risen.
Downstream aspect: In April, downstream glycine production enterprises of chloroacetic acid were shut down for maintenance. The operating rate of glyphosate downstream of glycine was high, and glycine orders were considerable. The on-site market was tentatively rising.
Business Society Chloroacetic Acid Data Analyst believes that both supply and demand are strong, and the price of chloroacetic acid is rising. It is expected that the price of chloroacetic acid will maintain a range consolidation trend in late May, depending on the cost side and downstream demand trends.
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