Price trend

According to the SunSirs’ Commodity Market Analysis System, as of July 30, the price of ethyl acetate was 5,433.33 RMB/ton, up 0.12% from 5,426.67 RMB/ton on July 23 and down 0.31% from the beginning of the month. Suppliers faced limited inventory pressure, downstream market entry was primarily based on demand, and the raw material market was supporting favorable conditions, leading to an upward adjustment in ethyl acetate prices.

Analysis review

Domestic ethyl acetate plants were operating smoothly, the overall market capacity utilization rate remained at a median level, downstream purchasing enthusiasm was still acceptable, companies shipped on demand, market supply and demand were relatively balanced, and on-site trading was stable. The raw material acetic acid market was strong in the early stage, which had a certain boosting effect on the ethyl acetate market. Some companies were optimistic and the price of ethyl acetate had increased slightly.

Market outlook

Looking at the future market, the capacity utilization rate of ethyl acetate is not high, the market supply remains stable, and the downstream purchases on demand, which provides adequate support for ethyl acetate. Ethyl acetate companies are negotiating shipments. As of July 30th, the market sentiment was mostly wait-and-see. It is expected that the price of ethyl acetate will remain stable in the short term. Specific attention should be paid to changes in supplier equipment and downstream follow-up.

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