Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 13th, the price of ethyl acetate was 5,456.67 RMB/ton, an increase of 40 RMB/ton or 0.74% compared to the price of 5,416.67 RMB/ton on June 6th. There was no pressure on the supplier's spot goods, and the enterprise's mentality was quite high. The downstream was following up on demand, and the market transaction was still acceptable. The quotation for ethyl acetate was consolidating upwards.

Analysis review

The utilization rate of domestic ethyl acetate production capacity was not high, and the inventory pressure of enterprises was not significant. The main reason was that the quotation was firm. At the same time, there were many orders in the export market, and the supply of market goods was tight. The news was positive, and the quotation for ethyl acetate had been adjusted upwards; On the cost side, the weak downward trend of raw material acetic acid and the increase in profit of ethyl ester had a negative impact on the downstream purchasing sentiment of ethyl ester; In terms of demand, downstream entry into the market followed up on demand, which definitely suppressed the significant increase in ethyl ester prices.

Market outlook

The operating rate of the ethyl acetate market was not high, and the supply market support was good. However, the downstream market entry enthusiasm was not high, and the pressure on ethyl ester enterprises to ship may increase. At the same time, the raw material market was weak, and the cost was bearish. It is expected that the price of ethyl acetate will be weaker and consolidated in the later stage, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

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