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SunSirs: The Market Is Trading Well, the Price of EA Is Firm at a High Level

January 28 2021 13:45:35     SunSirs (John)

Price trend

According to the monitoring of the bulk data of SunSirs, due to the active market trading, the EA market is strong. As of January 27, the average price of enterprises in East China was around 8,012 RMB/ton, an increase of 9.01% from the same period last week; compared with the beginning of the month, it was an increase of 13.25%.

Analysis review

The domestic EA market continues to be strong, and the raw material acetic acid market is in short supply, leading to high prices. The downstream market concentrates on stocking before the holiday. This is a two-way support for manufacturers to continue to increase their quotations, driving market transaction prices up. At present, active discussions in the industry, coupled with low corporate inventories, support the strong operation of the EA market. On the 27th, the price of EA in East China was about 8,200-8,300 RMB/ton, the price of EA in North China was about 8,100-8,200 RMB/ton, and the price of EA in South China was about 8,500-8,600 RMB/ton.

In terms of raw materials, the overall domestic acetic acid market is strong, and the spot supply is in short supply. The downstream market is actively preparing for stocks before the holiday. The industry is actively trading. Due to the shutdown of some devices in North China, the market is short of supply. The gap is hard to make up. The ethanol market has recently fluctuated at a high level, and the price of raw corn has been firm. Traders and farmers are reluctant to sell, and prices remain high in the short term. Ethanol production enterprises are not operating very high, large factories have obvious storage in the early stage, and short-term prices are firm. On the 27th, ethanol in East China was about 7,225 RMB/ton.

Market outlook

The EA analyst of SunSirs believes that the current domestic EA market is positive and the raw materials and demand side are performing well. The support for the EA market is strong, and the market is still in short supply in a short period of time. The EA market is expected to be firm in a short period of time.

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