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SunSirs: Cost Support Is Good & Ethyl Acetate Market Is Strong And Rising

April 16 2020 13:15:14     SunSirs (John)

Price trend

According to the data monitoring of SunSirs, the domestic ethyl acetate market has recently risen steadily. As of April 15, the factory price of ethyl acetate in East China enterprises was about 5,175 RMB/ton, which was 4.02% higher than that in early April.

 

Analysis review   

Product:

Due to the impact of rising raw material acetic acid and ethanol prices on the support factors for the cost of ethyl acetate, domestic ethyl acetate prices continued to rise. The buying interest in the downstream market was active, and the quotations of enterprises in East China and North China rose, and some enterprises continuously raised their quotations within a single day. In South China, affected by the slow arrival of shipping, the market supply is tight and prices continued to rise. At present, the price in East China is about 5,150-5,200 RMB/ton, the price in North China is 4,950-5,150 RMB/ton, and the price in South China is 5,300-5,400 RMB/ton.

Industrial chain:

On the upstream side, the inventory of the acetic acid market has fallen to a low level after long-term low-price shipments, coupled with the news of the concentrated maintenance of enterprises, the price of acetic acid has picked up, and market trading has gradually been active; The ethanol market continued to rise, with fewer arrivals in some regions and higher production costs. At present, the offer price in East China is around 5,262 RMB/ton.

International: The international ethyl acetate market fluctuates and adjusts. Among them, European ports are around US $ 1,000/ton, and North American market prices are around US $ 570/ton.

 

Market outlook

Analysts of ethyl acetate from SunSirs believe that the current cost support for ethyl acetate is good. Some companies have overhauled their vehicles and caused a slight decline in spot supply. There has been some speculation in the market. Although the downstream market has been more active recently, market demand has not yet fully recovered, and the price of ethyl acetate is expected to rise strongly in a short period of time.

 

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