SunSirs: The EA Market Fluctuated in Late July

https://www.chemnet.com   Aug 02,2024 SunSirs

Price trend

In late July (7.21-7.31), the domestic price of EA was mainly weak. According to the Commodity Market Analysis System of SunSirs, as of the 31st, the price of EA was 6,210 RMB/ton, a decrease of 0.64% compared to the price of 6,250 RMB/ton on July 21st. The main reason was the lack of support from the supply side, overall negative costs, and internal mentality games, with the EA market mainly fluctuating.

Analysis review

The EA market fluctuated in late July. In the early stage, the main factories in Shandong stopped production, and favorable supply conditions were released, resulting in a slight increase in enterprise quotations; Afterwards, with the recovery of Yankuang's EA plant and the resumption of normal market load, coupled with the weak market for raw material acetic acid, the bearish atmosphere in the market led to a decline in the price of EA; At the end of the month, the upstream acetic acid price rebounded, and the cost of EA increased, causing the price of EA to rebound and rise.

Market outlook

As of July 31st, the upstream raw material prices of EA were rising, which had a positive impact on the cost aspect; Downstream market entry followed up as needed, and demand side support was still acceptable; On the supply side, the low operating rate of domestic EA had led to a strong price performance. Overall, it is expected that the EA market will be stronger and rise in the short term. Please pay attention to the price execution of raw material acetic acid and EA manufacturers.

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