Market Analysis - Monthly Report - August, 2020 - Potassium sorbate
Overview of the current market situation
The Potassium sorbate raw material plant crotonaldehyde started normally, the raw material supply is stable, the transportation capacity is normal, the price is stable, and there is no obvious price increase. The domestic Potassium sorbate factories in Shandong Kunda, Ningbo Wanglong, Nantong acetic acid, Jinneng Technology, Rugao Jiangbei, and Rugao Yangtze River are all under construction. The inventory is sufficient and the factory shipments are still under pressure.
Market situation
Foreign terminals have begun to resume work one after another, and home office conditions have decreased. In addition, during the previous epidemic, foreign customers were panic-stricken, buying potassium sorbate in large quantities to prevent shortages, causing foreign traders to accumulate more stocks and rush to make profits. Domestic factories are operating stably, with sufficient inventory, and selling at a profitable price.
Market Forecast for the Next Issue
Influence Factor | Key Points Overview | Judge |
Factories Operating Rate, Inventory And Inventory Situation | The factory is operating stably, the customer's intention to place an order is not high, and the inventory is sufficient. |
Bad News |
Market Demand | The downstream demand is weak and the market is deserted. | Bad News |
Market Mentality | The wait and see mood is strong. | Bad News |
Factory Opinion | Sufficient inventory, no price increase possible. | Bad News |
UpstreamRaw Materials | The upstream raw material crotonaldehyde contains alcohol, and there is no room for price reduction of raw materials. | Good |
Industry Events | The state encourages exports, the tax rebate rate increases, and the exchange rate rises. | Good |
Summary | Manufacturers have started ample operations and have slightly surplus inventory, and actively sell at profit. and there is no room for price reduction in RMB, domestic distributors are actively making profits and it is difficult for prices to continue to rise. | Bad News |
ECHEMI Prediction
To sum up, domestic factories have slightly sufficient inventory, and foreign customers have severe panic during the epidemic. This has led to a large amount of surplus foreign inventory. Foreign customers sell at a profit and lower market prices relatively quickly. Most customers have a strong wait and see mood. In addition, the traditional off-season is approaching, and the factory quotations are exhausted, allowing profitable shipments. Although the U.S. dollar exchange rate has fallen steadily, in early August, Ningbo Wanglong and Nantong Acetic Acid stopped work for 15 days for maintenance. In August, prices still failed to contain the decline. September is still the traditional off-season, and prices do not rule out the possibility of falling.
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2026-07-05
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