SunSirs: Recently, the Price of EA Had Slightly Decreased

https://www.chemnet.com   Jun 27,2024 SunSirs

Price trend

Recently (6.17-6.26), the domestic price of EA had slightly decreased. According to the Commodity Market Analysis System of SunSirs, as of the 26th, the price of EA remained at 6,250 RMB/ton, with a price decline of 0.53% during the cycle. Due to the decrease in upstream prices and insufficient cost support, the market for EA had followed suit.

Analysis review

Recently, the EA market had been weak and downward. On the supply side, the utilization rate of EA production capacity was at a medium to low level, the supplier's inventory was under pressure, and the manufacturer maintained shipment; On the raw material side, the price of acetic acid was weak and declining, with insufficient cost support. The upstream market was transmitted to the terminal market, affecting downstream purchasing. Downstream acceptance of high priced goods was generally high, and entry into the market purchasing on demand. Under the supply-demand game, the price of EA had slightly decreased.

Market outlook

The price of upstream acetic acid of EA had been raised, with insufficient cost support. The production and sales of suppliers were relatively balanced, and the downstream followed up on demand. The market was mainly wait-and-see, and it is expected that the EA market will temporarily stabilize in the short term. Specific attention will be paid to the price execution of raw material acetic acid and EA manufacturers. As of June 26th, the mainstream transaction price in the market was between 6,100-6,350 RMB/ton.

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