Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 11th, the price of ethyl acetate was 5,433.33 RMB/ton, a decrease of 46.67 RMB/ton or 0.85% compared to the price of 5,480.00 RMB/ton on July 4th. The supplier's supply was stable, downstream demand was still acceptable, and the raw material market continued to be weak, resulting in a downward trend in the quotation for ethyl acetate.

Analysis review

The operation of domestic ethyl acetate plants was stable, but the inventory pressure of enterprises increased. Downstream market entry was mainly based on demand, and the market trading atmosphere was average. The shipment of enterprises was limited, and some enterprises lowered their quotations. The acetic acid market on the raw material side was weak, and the cost side was negatively affected. The confidence of operators was insufficient, and the focus of ethyl acetate transactions was weak and shifted downwards.

Future outlook:

The utilization rate of ethyl acetate production capacity was not high, which had a certain supporting effect on the market. Many enterprises shipped according to demand, and the market trading atmosphere was still good. However, the raw material market was not good, and the psychological support was insufficient. It is expected that the price of ethyl acetate will be weakly adjusted in the later stage, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

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