Price trend
On May 8th, the domestic EA market remained stable, with prices slightly rising, rising by 50 RMB/ton compared to the previous weekend. The mainstream market transaction price ranges from 6,750 to 7,000 RMB/ton.
Analysis review
The main reason was that the local upward trend of acetic acid had boosted market confidence, coupled with the good bidding effect of Shandong's major manufacturers. The premium transaction had boosted market confidence.
Market outlook
It is expected that the EA market will maintain a narrow adjustment pattern in the short term. It is recommended to pay attention to the price execution of raw material acetic acid and EA manufacturers.
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