Price trend

The market for EA in September showed a strong upward trend. According to the Commodity Market Analysis System of SunSirs, as of September 29th, the average production price of EA was 6,066.67 RMB/ton, an increase of 50 RMB/ton compared to the beginning of the month price of 6,016.67 RMB/ton, with an overall increase of 0.83%. The main reason for the increase in EA prices WAs due to favorable demand support, good market trading direction, and a rising supply mentality.

Analysis review

This month, the market price of EA first fell and then rose. In early September, the price of raw material acetic acid declined, with a negative impact on the cost side. At the same time, downstream demand was insufficient, and the market trading atmosphere was light, resulting in a downward adjustment of ethyl ester prices; In the mid to late September, the demand side supported the market, downstream buyers actively entered the market, replenishment demand improved before and after the holiday, and enterprise shipments were smooth. The price of EA continued to rise, but due to the stable upstream market, the price was transmitted to the end market, which to some extent suppressed the increase in EA prices.

According to the Acetic Acid Commodity Market Analysis System of SunSirs, as of September 29th, the price was 3,250.00 RMB/ton, a decrease of 2.99% compared to the acetic acid price of 3,350.00 RMB/ton at the beginning of the month. The raw material side acetic acid market was weak and consolidating, with insufficient cost support, which had limited boost to EA.

Market outlook

As of September 29th, the price of EA had remained stable, downstream purchasing enthusiasm had weakened, and market entry was mainly based on demand follow-up. The price of raw material acetic acid was stable, providing average support for the EA market. Pre holiday market trading gradually returned to a flat state, and it is expected that the EA market will be consolidated narrowly 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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