SunSirs--China Commodity Data Group

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SunSirs: Delayed Start of Enterprises & Ethyl Acetate Offers Firm

February 14 2020 10:23:01     SunSirs (John)

The domestic ethyl acetate manufacturers that were scheduled to start construction this week continue to postpone the construction. According to the monitoring data of SunSirs, the construction rate is about 34%. The price of the factory has pushed up. There are few transactions in the market. The suppliers still offer high prices, which eases the market bearish mentality. Due to the delayed construction of some parking factories, the domestic ethyl acetate spot inventory is rational, and the downstream demand continues to be weak, Short term market turnover is insufficient, the market is still stalemate. Raw ethanol provides support to maintain the high offer of suppliers, but the market transaction is insufficient and the market stalemate continues.


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