According to the market analysis system of Business Society, as of May 7th, the price of chloroacetic acid was 3139 yuan/ton, a decrease of 2.29% compared to April 30th at 3212 yuan/ton.
Raw material end:
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 have 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 is coming to an end, and downstream demand has not improved. The price of indigo dye, a downstream product of chloroacetic acid, has not fluctuated significantly and remains stable at around 45000 yuan/ton.
Future Market Forecast:
Supply and demand are weak, and it is expected that the price of chloroacetic acid will fluctuate weakly.
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