On November 16, the domestic EA market was weak, and the price continued to fall, with a range of about 50 RMB/ton.
Analysis review
Since this week, the EA market had been exploring, and large factories had made sporadic downward moves. This week, Shandong and Jiangsu large factories experienced a drop of more than 100 RMB/ton. On the 16th, a large factory in Shandong changed from auction to retail, and lowered the retail price to suppress the market mentality. For raw materials, the price of acetic acid was weak, and the cost was negative. The supply and demand of EA were not strong, and the supply pressure was fair, which was mainly affected by the fact that the operating rate of the manufacturer remained at a low level.
Market outlook
It is expected that the EA market will remain volatile in the short term, and the space below is not very large. It is recommended to pay attention to the price implementation of raw acetic acid and EA manufacturers. As of the 16th, the mainstream transaction price in the market was between 6,500-6,600 RMB/ton.
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