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SunSirs: First Rose and Then Declined, the EA Market Oscillated in August

September 01 2020 14:23:29     SunSirs (John)

Price trend

According to the monitoring of the bulk data of SunSirs, the East China EA market fluctuated and adjusted in August. At the beginning of the month, the average price of enterprises in East China was about 5,600 RMB/ton, which rose to 5,682 RMB/ton in the middle of the month, an increase of 1.47%, and fell to 5,602 RMB/ton at the end of the month, an overall increase of 0.04% from the beginning of the month.

Analysis review

At the beginning of August, the overall supply of EA in the domestic market declined due to corporate overhauls, and companies took advantage of the trend to increase, but the increase was not large. After the middle of the month, the pre-overhaul companies resumed, the market spot supply increased, and the downstream market demand was flat, companies were forced to bid for sales, due to high cost, some companies were on the verge of losing money. At present, it is about 5,450 RMB/ton in East China, 5,400 RMB/ton in North China, and 5,750 RMB/ton in South China.

In terms of raw materials, the overall acetic acid market started at a high level during the month, and the spot supply was sufficient. With the completion of corporate maintenance, the oversupply situation in the market intensified, and the price of acetic acid continued to decline. The ethanol market fluctuated downwards, the transaction price of raw corn weakened, and ethanol enterprise installations were gradually opened. In addition, the downstream market demand was weak, and the transaction was soft.

The international market price of EA fluctuated and adjusted. The current port price in the European market is around 750-770 Euro/ton; the port price in the North American market is around 630-680 US dollars/ton.

Market outlook

The EA analyst of SunSirs believes that the current domestic EA market still has a bearish sentiment, and the situation of oversupply in the market continues, and companies are forced to sell at a profit. However, as the price of acetic acid has risen slightly recently, EA companies have risen. mood. It is expected that the EA market will operate weakly in a short period of time, and it is necessary to pay attention to the raw material market.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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