Price trend

This week (10.21-10.25), the domestic price of EA first stabilized and then fell. According to the Commodity Market Analysis System of SunSirs, as of the 25th, the price of EA was 6,023.33 RMB/ton, a decrease of 0.44% compared to price of 6050.00 RMB/ton at the beginning of the week. Due to weak downstream demand and insufficient raw material support, the EA market was consolidating weakly.

Analysis review

This week, the market for EA was running weakly. During the week, downstream demand and purchasing sentiment were sluggish, and manufacturers' shipments were hindered. The bidding price for EA from the main factory in Shandong was lowered, while raw material prices continued to fall. The negative impact on costs was transmitted to the end market, and downstream follow-up continued to be weak. Limited orders were placed on site, and manufacturers had a bearish attitude, resulting in a weak downward trend in the EA market.

Market outlook

The upstream market of EA was running weakly, with a negative impact on cost; On the supply side, next week, Shandong's power assisted equipment increased its load, and the utilization rate of EA production capacity will improve. The supplier's news was bearish; In terms of demand, downstream demand followed up, market orders were limited, and there was a lack of favorable market conditions. It is expected that the short-term price of EA will continue to be weak, and specific attention should be paid to changes in upstream market conditions and downstream follow-up.

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