Price trend
According to the Commodity Market Analysis System of SunSirs, the ex factory price of EA in China was 5,650.00 RMB/ton on March 12th, an increase of 0.65% compared to the price of 5,613.33 RMB/ton at the beginning of the month. Cost support was favorable, downstream market entry actively followed up, on-site transactions increased, and the price of EA stabilized and rose.
Analysis review
Since March, the market for EA has been consolidated to be stronger. On the raw material side, the price of acetic acid continued to rise, providing favorable cost support; On the demand side, downstream procurement was steadily following up on demand, and enterprise shipments were relatively smooth. Business owners had a positive attitude, and the focus of EA transactions was strong and upward.
Market outlook
The trend of EA raw materials was stronger, and the cost boost was favorable. The supply side and market capacity utilization rate have not changed much, and downstream followed up on demand. The market trading atmosphere was good, and it is expected that the price of EA will be stronger in the short term. Please pay attention to the changes in upstream market conditions and downstream follow-up situation.
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