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SunSirs: EA Market Remained High on May 12
May 13 2022 15:13:59SunSirs(John)

Price trend

On the 12th, the domestic EA market stabilized at a high level, and the price of EA in most major factories remained high.

Analysis review

The EA unit of Shandong Dachang has been suspended for maintenance and sales, and the market supply was relatively short, resulting in a continuous rise in market prices. However, the transaction situation was general.

On the 12th, the market atmosphere stabilized, and the downstream held a wait-and-see attitude. The mainstream transaction price in the market was in the range of 8,900-9,100 RMB/ton.

Market outlook

Recently, domestic EA stopped rising and stabilized. The market supply was reduced, but the downstream resistance was obvious. In the short term, it is still needed to pay attention to the trend of raw material acetic acid, and the market may maintain a high trend in the near future.

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