SunSirs: The Price of EA Was Weakly Adjusted This Week (September 9-14)

https://www.chemnet.com   Sep 18,2024 SunSirs

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This week (9.9-9.14), the domestic price of EA first fell and then rose. According to the Commodity Market Analysis System of SunSirs, as of the 14th, the price of EA was 6,003.33 RMB/ton, a decrease of 0.22% compared to the price of 6,016.67 RMB/ton on September 9th. The main reason was insufficient cost support, limited downstream demand, and fluctuations in equipment of some supply side enterprises, resulting in the consolidation and operation of EA prices.

Analysis review

This week, the market for EA had been consolidating weakly. On the raw material side, the stabilization of acetic acid prices was the main factor, with insufficient cost support and slow downstream inventory consumption. The enthusiasm for entering the market was not high, and the price of ethyl ester was weakly lowered at the beginning of the week; Afterwards, the main factories in Shandong stopped production, reducing the supply of goods in the market. The supply side news was positive, and the price of EA rose sharply. However, the market trading atmosphere was poor, and the increase in EA was limited.

Market outlook

The upstream acetic acid market for EA was stable, with limited cost support and insufficient upward momentum for EA; On the supply side, the Yankuang plant will resume operation next week, with an increase in capacity utilization, which will have a negative impact on the ethyl ester market; Downstream demand was weak and market support was weak. It is expected that the price of EA will be adjusted to be weaker in the later period. Please pay attention to the changes in the upstream market and the follow-up situation in the downstream.

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