SunSirs: The Price Range of EA Fluctuated This Week (December 14-20)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 20th, the price of EA was 5,736.67 RMB/ton, a decrease of 0.12% compared to the price of 5,743.33 RMB/ton on December 14th. The main reason for the fluctuation of the supplier's equipment and the unstable mentality of the factory had led to the fluctuating price of EA.

Analysis review

This week, the domestic Yankuang Lunan plant experienced a short shutdown, and the Anhui Huayi ethyl ester plant was expected to restart. The mentality of the industry was conflicted, and the price range of EA fluctuated. At the beginning of the week, the trading atmosphere in the market was weak, factory inventory accumulated, and the price of EA was lowered; During the week, as raw materials continued to rise and downstream buying sentiment increased, manufacturers were optimistic and the market price of EA rose significantly; In the later stage, downstream chasing sentiment weakened, and cautious follow-up was adopted when entering the market. Sales pressure increased for some manufacturers, and the price of EA was once again lowered.

Market outlook

There was a restart plan for the supply side parking device, which improved the utilization rate of EA production capacity and increased the market supply volume. The news was mainly bearish, while downstream market purchases were mostly followed up on demand, resulting in limited market transactions and on-site supply exceeding demand. It is expected that the price of EA may run weakly. Specific attention should be paid to changes in the supply side device and downstream follow-up situation.

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