Price trend

According to the Commodity Market Analysis System of SunSirs, as of February 28th, the average production price of EA was 5,613.33 RMB/ton, a narrow decrease from the beginning of the month price of 5,630.00 RMB/ton, with an overall decline of 0.30%. The main reason for the fluctuation in the price range of EA was due to weak support from the supply side, poor downstream demand, and cautious mentality among industry players.

Analysis review

This month, the market for EA fluctuated within a certain range. The overall utilization rate of EA production capacity increased during the month, and the market supply was relatively sufficient. The upstream acetic acid price fell, and the negative impact of cost was felt. The mentality of EA was not good, and the downstream side maintained a focus on demand. The trading atmosphere on the market was average, and under the supply-demand game, the price of EA fluctuated narrowly throughout the month.

According to the SunSirs' Acetic Acid Commodity Market Analysis System, as of February 28th, the price was 2,800 RMB/ton, a decrease of 5.08% compared to the acetic acid price of 2950 RMB/ton at the beginning of the month. The raw material side acetic acid market is weak and volatile, with weak cost support and lower profits for EA.

Market outlook

As of February 28th, the price of EA was running weakly and steadily, and the downstream was lukewarm, which providedd moderate support for the market. In the later stage, some enterprises plan to increase the load of EA equipment, and the expected increase in on-site supply will increase the pressure on market supply. It is expected that the price of EA in the future may continue to run weakly, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

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