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    Home > Chemial News > Echemi Analysis > Market Analysis - Monthly Report - November, 2020 - Potassium Sorbate

    Market Analysis - Monthly Report - November, 2020 - Potassium Sorbate

    2020-12-11

    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, Nantong Acetic Acid, Jinneng Technology, Rugao Jiangbei, and Rugao Yangtze River started to actively prepare for European orders next year. Factory orders began to be tight and delivery was late. Ningbo Wanglong had a low operating rate in November and almost no inventory.

    Factory Name

    Plant Capacity

    Device Operation Status

    WANGLONG

    30000Ton/Year

    On Power≤80%

    KUNDA

    30000 Ton/Year

    On Power≤80%

    JINNENG

    10000 Ton/Year

    On Power≤70%

    NANTONG CUSUAN

    27000 Ton/Year

    On Power≤70%

    JiangBei

    11000 Ton/Year

    On Power≤70%

    ChangJiang

    8000 Ton/Year

    On Power≤70%

     

    potassium_sorbate

     

    Market situation

    Foreign terminals and distributors have basically started operations normally. In early November, customers of potassium sorbate were still in a wait-and-see mood, thinking that the price would be abnormal from previous years. After the middle of the year, the buying sentiment in the market was strong. Domestic factories Shandong Kunda and Ningbo Wanglong made every effort to place European orders, and there was almost no excess inventory matching. As Christmas approached, foreign customers generally began to stock up. Domestic traders and foreign traders gradually began to sign orders and stock up in the middle of the day, and prices rose linearly in November. 

     

    Market Forecast for the Next Issue

    Influence Factor

    Key Points Overview

    Judge

    Factories Operating Rate, Inventory And Inventory Situation

    The factory has started stable, and customers have more demand for stocking near Christmas and actively place orders.

     

    Good

    Market Demand

    Stocking up before Christmas is coming, just need to replenish.

    Good

    Market Mentality

    The order is more emotional.

    Good

    Factory Opinion

    Almost no inventory, strong mentality to increase prices.

    Good

    Upstream Raw 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 insufficient inventory and many orders, and prices may continue to rise.

    Good

     

    ECHEMI Prediction

    To sum up, in late November, near the end of the pre-Christmas stocking period, foreign customers just needed to replenish the stock. Market prices have risen significantly, and almost all factories are out of stock. Previously, wait-and-see customers have begun to place orders one after another. Shandong Kunda's delivery date even went to January, plus domestic RMB continued to appreciate, and various routes were severely liquidated, and ocean freight rates continued to rise. It is predicted that prices may still rise in December. Customers who just need replenishment are advised to place orders as soon as possible.

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