SunSirs: On July 28, the Domestic EA Market Fell
July 29 2022 10:44:59 SunSirs (John)Price trend
On the 28th, the domestic EA market was weak, and today's price was slightly lower, ranging from 50-100 RMB/ton.
Analysis review
Since the beginning of this week, major manufacturers have made sporadic lowering moves. Both Shandong and Jiangsu major manufacturers have fallen within 100 RMB/ton. On the 28th, Shandong major manufacturers lowered their prices again, suppressing market sentiment.
On the raw material side, the price of acetic acid remained weak and the cost was bearish. However, the supply and demand of EA was relatively stable, and the supply pressure was not large, which was mainly affected by the current low-to-medium operating rate of the market.
Market outlook
It is expected that the EA market will still fluctuate in the short term, and there is still a possibility of decline, but the room for decline is not very large. It is recommended to pay attention to the price execution of raw material acetic acid and EA manufacturers. At present, the mainstream transaction price in the market is in the range of 7200-7400 RMB/ton.
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