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Home > News > Market Flash > Market Analysis - Monthly Report - May, 2020-Triacetin

Market Analysis - Monthly Report - May, 2020-Triacetin

ECHEMI 2020-06-01

 
What's hot and trending this month
 
1) in May, the prices of glycerin and acetic acid were adjusted at a high level, with little change.

2) In May, the factory maintained the quotation, and the countries resumed work and production, and the  downstream demand increased.


6.1-1


This month's market summary

In may, the price of glycerin experienced a sharp rise and became stable. The domestic refined glycerin price  was adjusted to a high level, which to some extent supported the price of glycerin triacetate. The price of  acetic acid was affected by the re-opening of the main factory in late may. The supply increased and the price  slightly decreased. In the domestic market, except for plasticizing in tobacco factories, the amount of casting  resin and other USES has been affected by the epidemic and the demand has decreased. At present, the  production and inventory of glycerin triacetate still maintain a balance and no significant decrease has been  observed.

Next month market forecast


6.1-2

6.1-3


 
Summary and views

In may, the epidemic situation in China was basically completely under control. Foreign countries actively  promoted the resumption of work and production. The downstream demand increased, the upstream raw  materials were stable, the factory started well and the profit was good, which was as stable as the price of  taishan mountain.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.
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