Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 28th, the price of EA was 5,613.33 RMB/ton, a decrease of 0.18% compared to the price of 5,623.33 RMB/ton on February 24th, and a decrease of 0.30% compared to the beginning of the month. The sales pressure on the supply side was relatively high, downstream demand was average, and the market supply was strong with weak demand. The EA market continued to decline.

Analysis review

This week, the domestic EA plant started working normally, the market supply was stable, the raw material prices fell, and the cost was negatively affected. The downstream of EA followed up on demand, and the market transactions were average. There was a lack of favorable conditions in the market, and the EA market operated weakly.

Market outlook

Some enterprises planned to increase the load of EA equipment, and the expected increase in on-site supply will increase the pressure on market supply. Downstream weak demand will follow up as needed, and market demand is limited. It is expected that the price of EA will remain weak and stable in the short term. Specific attention will be paid to changes in supplier equipment and downstream follow-up situations.

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