SunSirs: The Price of EA Fluctuated at a Range in July

https://www.chemnet.com   Aug 05,2024 SunSirs

Price trend

The market price of EA fluctuated within a range in July. According to the Commodity Market Analysis System of SunSirs, as of July 31, the average production price of EA was 6,210.00 RMB/ton, an increase of 0.64% compared to the price of 6,206.67 RMB/ton at the beginning of the month. The main reason was limited cost benefits, downstream follow-up according to demand, cautious mentality in the market, and narrow fluctuations in the price of EA.

Analysis review

This month, the overall price of EA in the market had not changed much, but narrow fluctuations had been the main trend during the month. The stable decline in prices in early July was mainly due to the weak raw material market and negative cost factors, resulting in a decrease in the price of EA; In the mid-late July, the price of EA first rose and then fell. In the early stage, the price of acetic acid continued to rise, supported by favorable raw materials. In addition, the main factory in Shandong underwent equipment maintenance, resulting in a reduction in market supply. The market sentiment was optimistic, and the price of EA continued to rise. Later, as the equipment resumed its early load, the price of acetic acid showed signs of decline, and the market sentiment was bearish, leading to a downward trend in the price of EA.

According to the SunSirs Acetic Acid Commodity Market Analysis System, as of July 31st, the price was 3,325 RMB/ton, an overall increase of 7.95% compared to the acetic acid price of 3,080 RMB/ton at the beginning of the month. The price of acetic acid on the raw material side had fluctuated and risen, with cost fluctuations being the main factor. The acetic acid market continued to transmit to the terminal, affecting the downstream EA trend to fluctuate.

Market outlook

The upstream acetic acid price of EA had rebounded and risen, with a positive impact on the cost side. The main factories for EA had stable shipments, and the mentality of the industry was good. Downstream production was mainly based on demand, and market trading was still acceptable. It is expected that the EA market will consolidate to be stronger in the future. It is recommended to pay attention to the price execution of raw materials such as acetic acid and EA manufacturers.

If you have any questions, please feel free to contact SunSirs with?support@SunSirs.com.

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