In early April xxxx, the Chinese Monochloroacetic Acid (MCAA) market has declined, with prices supported by consistent supply and moderately declined production costs. The prices lowered due to lower purchasing orders leading traders offering discounted rates to increase transactions.
March had seen a x.xx rise in acetic acid—MCAA’s primary feedstock—amid planned maintenance and brief bullish sentiment. However, as upstream operations normalized and methanol costs declined x.xx over the month, cost-side support diminished.
Despite stable output and logistics, downstream demand for MCAA stayed sluggish across key application sectors, including agrochemicals, personal care, and pharmaceuticals. Looking ahead, while potential maintenance at MCAA units may provide brief supply-side support, overall market sentiment remains cautious due to soft offtake and lean inventory strategies across the value chain.
Production of MCAA in China operated steadily in early April, following the resumption of upstream acetic acid and chlorine supplies...
