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SunSirs: On June 30, the Domestic EA Market Continued to Be Weak

July 01 2022 13:44:27     SunSirs (John)

Price trend

On June 30, the domestic EA market performance was weak, the price still fell, and some manufacturers still lowered the price, the range was around 100 RMB/ton. The mainstream transaction price in the market was in the range of 7,500-7,800 RMB/ton.

Analysis review

On the raw material side, the price of acetic acid fell from a high level, which intensified the bearish mentality of the industry on the EA market. Downstream demand continued to be weak, and most offer prices were negotiable.

Market outlook

It is expected that the EA market will be weak in the short term, and it is recommended to pay attention to the stabilization of the prices of raw material acetic acid and EA manufacturers.

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