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SunSirs: The Ethyl Acetate Market Continued to Rise Due to Good Support in Cost-end
May 14 2020 14:29:39SunSirs(John)

Price trend

According to the large data monitoring of SunSirs, due to the continuous increase in the price of raw material acetic acid, the domestic ethyl acetate price continued to rise. As of May 13, the average price of ethyl acetate in East China was about 5,487 RMB/ton, which was 3.39% higher than that in early May.



Analysis review   

Product: The price of raw material acetic acid continued to rise, and the recent increase in freight rates was obvious, which has driven the domestic ethyl acetate price upward. However, due to the low demand in the downstream market and the light trading in the industry, the enterprises were in the cost consideration, and the operation was often reduced, and the market transactions were rare. At present, the price in East China is about 5,400-5,500 RMB/ton, the price in North China is 5,250-5,550 RMB/ton, and the price in South China is 5,600-5,700 RMB/ton.

Industrial chain: On the upstream side, the acetic acid market has entered a period of concentrated overhaul in May. The supply of acetic acid on the spot is tightening, and it is difficult to make up for it in the short term. Some companies have closed the market or reported limited shipments, and prices continue to rise; the ethyl alcohol market is firm, raw material corn prices are high and freight rates are rising, and inventories are low. At present, prices in East China are about 5,750 RMB/ton.

International: Affected by the international epidemic, the supply of international ethyl acetate has declined to a certain extent. In addition, the price of raw materials is well supported, and the price of ethyl acetate has increased slightly. Among them, the price of ports in Europe is about 1,085 US dollars/ton, and that in North America is about 590 US dollars/ton.


Market outlook

According to the analysts of ethyl acetate of SunSirs, the overall starting and buying performance of ethyl acetate Market is weak at present, and the driving force for the price rise of ethyl acetate is due to the strong price of raw materials, but the demand side is insufficient. The price of ethyl acetate is expected to be stable and firm within a short period of time. Pay attention to the price of acetic acid and ethanol.


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