Price trend

This week (9.23-9.27), the domestic price of EA continued to rise. According to the Commodity Market Analysis System of SunSirs, as of the 27th, the price of EA was 6,066.67 RMB/ton, an increase of 0.66% compared to the beginning of the week price of 6,026.67 RMB/ton. Due to the favorable support of downstream demand and the positive attitude of suppliers, the price of EA had slightly increased.

Analysis review

This week, the market for EA was expected to strengthen and consolidate. On the raw material side, the price of acetic acid remained stable and the cost support was still acceptable; On the demand side, downstream companies were actively stocking up before the holiday, and enterprise factory shipments were improving. Market quotations are rising, while the supply of EA in the market was tight. Upstream companies were observing steadily, and the market mentality was strong. The market for EA had risen during the week.

Market outlook

The upstream acetic acid market for EA remained stable with little impact on costs, and the EA market was adopting a wait-and-see attitude; On the supply side, the utilization rate of EA production capacity was not high, and there was temporarily no inventory pressure affecting it; The short-term demand support from downstream was good, and the market sentiment was optimistic. It is expected that the price of EA will continue to consolidate to be stronger before the holiday. Specific attention should be paid to changes in the upstream market and downstream follow-up.

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