SunSirs: The Market for EA Was Consolidating to Be Stronger This Week
November 27 2024 09:24:38 SunSirs (John )
Price trend
According to the Commodity Market Analysis System of SunSirs, as of the 25th, the price of EA was 5,806.67 RMB/ton, an overall increase of 0.99% compared to the price of 5,750.00 RMB/ton on November 18th. Due to the continuous rise in upstream market conditions, favorable cost support, and improved demand, the market sentiment was good, and the EA market was running strongly.
Analysis review
This week, the domestic price trend of EA was stronger and consolidating. At the beginning of the week, downstream follow-up was average, and the raw material market remained stable. EA manufacturers slightly lowered their quotations to stimulate shipments. Later, with the continuous rise of upstream acetic acid prices and favorable cost support, EA prices also increased. At the same time, some on-site equipment loads were reduced, and market supply was reduced. The industry's mentality was optimistic, and the EA market remained strong.
Market outlook
As of November 25th, there was little fluctuation in the EA plant, and the enterprise quotations were stable. Downstream market purchases followed up as needed, and the sales pressure on manufacturers was not high. At the same time, the raw material market was stronger, which provided good support for downstream. It is expected that the price of EA will be stable and wait-and-see in the short term, with specific attention paid to changes in the upstream market and downstream follow-up.
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