Price trend

In June, the market for EA was volatile and weaker, with price trends fluctuating and decreasing. According to the Commodity Market Analysis System of SunSirs, as of June 30th, the average production price of EA was 6,250 RMB/ton, a decrease of 0.64% compared to the price of 6,290 RMB/ton at the beginning of the month. Due to limited cost support and insufficient downstream demand, the price of EA had fallen.

Analysis review

This month, the market price of EA had decreased, with the main upstream acetic acid market rising first and then falling, with insufficient support for raw materials, and the price of EA was weakly lowered; In the second half of the month, the upstream market was weak and the cost side was bearish. The upstream market was transmitted to the terminal market, affecting downstream purchasing. Downstream acceptance of high priced EA was average, and market trading was limited. Under the supply-demand game, the price of EA followed suit.

According to the analysis system of the acetic acid market of SunSirs, as of June 30th, the price was 3,080 RMB/ton, which was a 2.22% decrease compared to the beginning of the month's acetic acid price of 3,150 RMB/ton. The price of acetic acid on the raw material side first rose and then fell, with limited cost support. The acetic acid market continued to spread to the terminal, affecting the downstream trend of EA.

Market outlook

The upstream acetic acid price of EA was weak and stable, with insufficient cost support. The main factories had poor shipments, and the supply had accumulated. The downstream side followed up as needed, and the market was bearish. It is expected that the EA market will continue to decline in the future. It is recommended to pay attention to the price execution of raw material acetic acid and EA manufacturers.

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