SunSirs: On September 21, the Domestic EA Market Remained Stable
September 22 2022 14:15:28 SunSirs (John)
Price trend
In the middle of the week, the domestic EA market maintained a weak overall pattern, and the price changed little on the 21st. At the beginning of the week, the price of EA in Shandong and Jiangsu factories was partially lowered, and the range was around 100 RMB/ton. The mainstream transaction price in the market was in the range of 6,600-6,900 RMB/ton.
Analysis review
On the raw material side, the price of acetic acid stopped rising and fell, and the cost side was bearish. The supply and demand of EA was relatively weak. Although the supply pressure was not great, and the market operating rate remained at a low-medium level, there was no benefit on the demand side. Terminal purchases were cautious, mainly based on just-needed support.
Market outlook
It is expected that the EA market will maintain a weak and volatile pattern in the short term, and it is recommended to pay attention to the price execution of raw material acetic acid and EA manufacturers.
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