Price trend

This week, the domestic EA market was stable and rose. According to the monitoring of SunSirs, EA rose slightly by 0.24%. The market as a whole was still weak and the price lacked power to rise.

Analysis review

The recent market trading atmosphere was still bleak, with less downstream procurement, and the trading price was up and down in the range of 50 yuan/ton. The EA market rose slightly, and the prices of most large manufacturers were stable, while the prices of some manufacturers in Jiangsu Province rose slightly due to low inventory. Shandong's major manufacturers were bidding for shipment, and the bidding still showed insufficient confidence. Although there was a premium deal, the price had not exceeded the level of last week. In terms of raw materials, the price of acetic acid fell from its high point this week, and the good news of the previous rise was realized, and the market may face a negative cost in the later stage.

Market outlook

Near the end of the week, the rise of EA was sluggish, and the supply and demand were basically balanced. It is expected that the market will mainly be adjusted in a range next week. It is suggested to pay attention to the start-up of raw material acetic acid and EA manufacturers. On the 17th, the mainstream market transaction price was 6,800-6,950 yuan/ton.

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