SunSirs: The Price of EA fluctuated weakly in November
December 03 2024 09:51:04 SunSirs (John)
Price trend ,
The market for EA in November was weak and volatile. According to the Commodity Market Analysis System of SunSirs, as of November 29th, the average production price of EA was 5,816.67 RMB/ton, a decrease of 116.66 RMB/ton compared to the beginning of the month price of 5,933.33 RMB/ton, with an overall decline of 1.97%. Due to weak demand, poor market trading, lack of favorable supply side conditions, and weak consolidation of EA prices.
Analysis review
This month, the price trend of EA has shown a "W" - shaped fluctuation. In early November, EA continued its downward trend from October, mainly due to the continuous decline in raw material prices, insufficient cost support, and downstream ethyl ester prices falling synchronously; In mid to late moth, the price range of EA fluctuated. Although the rise in raw material prices brought good news, downstream demand remained weak and market trading was insufficient, resulting in limited price increases for EA and slight market fluctuations. The overall price of EA remained weak during the month.
According to the SunSirs Acetic Acid Commodity Market Analysis System, as of November 29th, the price was 2,950 RMB/ton, an overall increase of 3.51% compared to the acetic acid price of 2,850 RMB/ton at the beginning of the month. The raw material side acetic acid market first fell and then rose, increasing cost pressure and reducing profits for EA.
Market outlook
As of November 29th, the price of EA had slightly increased, and downstream entry into the market followed demand, providing limited support for the market. However, the price of raw material acetic acid remained strong, and there may be some support for the mentality. The supply and demand game in the market is expected to lead to a stalemate and consolidation of the EA market in the future. It is recommended to pay attention to the price execution of raw material acetic acid and EA manufacturers.
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
