According to the Commodity Analysis System of Business Society, as of May 7th, the price of sodium acetate trihydrate was 2218 yuan/ton, a decrease of 2.85% compared to April 30th at 2283 yuan/ton.
On the cost 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 purchasing willingness was not strong, and prices continued to decline, weakening support for sodium acetate.
Market analysis: Although the support for raw material acetic acid has weakened, the recent trend of raw material soda ash is relatively strong, which provides some support for sodium acetate. It is expected that sodium acetate will operate in a volatile manner in the future.
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