Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 30th, the price of ethyl acetate was 5,516.67 RMB/ton, a decrease of 0.30% compared to the price of 5,533.33 RMB/ton on April 26th, and a decrease of 1.08% from the beginning of the month. Supply side enterprises were experiencing poor shipments, raw material prices were falling, and downstream demand was average before the holiday. As a result, the market for ethyl acetate has once again declined.

Analysis review

There has been little change in the operation of domestic ethyl acetate plants this week, and the market supply of goods was sufficient. The price of ethyl acetate continued to fall, and the upstream market was weak, with weakened cost support. The demand side consumed inventory slowly, and the enthusiasm for entering the market for purchasing was poor. The mentality of the industry was bearish, and the price of ethyl acetate continued to decline.

Market outlook

The ethyl acetate market was operating weakly and steadily, with downstream companies adopting a wait-and-see attitude and insufficient demand support. Supply side enterprises have increased inventory, resulting in increased sales pressure and a lack of favorable market conditions. It is expected that the price of ethyl acetate will continue to operate weakly in the short term, and specific attention will be paid to changes in supplier equipment and downstream follow-up situations.

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