Price trend

According to the SunSirs’ commodity market analysis system, the domestic ex-factory price of EA on February 25 was 5,613.33 RMB/ton, a decrease of 0.18% compared with the price on the previous trading day. The cost support weakened, downstream follow-up was average, suppliers were confused, and the price of EA was consolidated downward.

Analysis review

The market for EA was consolidated to be weaker. On the raw material side, the price of acetic acid was relatively stable, and some regions were partially lowered, and the cost side support was insufficient; on the demand side, downstream factories purchased on demand, the on-site order volume was limited, and the overall trading atmosphere was relatively weak; companies were actively shipping, and the market transaction focus was slightly lower.

Market outlook

The trend of EA raw materials was average, the cost profit was relatively low, the supply side, the market capacity utilization rate has been increased, the sales pressure of enterprises has increased, downstream followed up on demand, and the market transactions were poor. It is expected that the price of EA will be weak and stable in the short term, pay attention to the changes in the upstream market and the follow-up situation in the downstream.

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