Price trend

According to the SunSirs’ Commodity Market Analysis System, as of July 30, the average price of ethyl acetate production was 5,433.33 RMB/ton, down 16.67 RMB/ton from 5,450.00 RMB/ton at the beginning of the month, a decrease of 0.31%. This was primarily due to weak raw material prices, negative cost factors, limited downstream demand, weak shipments, and a negative market sentiment, leading to weak ethyl acetate prices.

Analysis review

This month, the ethyl acetate market experienced weak and volatile conditions. At the beginning of the month, downstream companies were enthusiastic about entering the market, resulting in smooth ethyl acetate shipments and a strong upward price trend. However, with the continued decline in raw material prices and negative cost pressures, market sentiment in the ethyl acetate market weakened, driving down prices. Simultaneously, downstream companies followed suit based on demand, resulting in limited market transactions. Ethyl acetate prices saw weak growth, leading to weak price consolidation. At the end of the month, upstream prices strengthened, market sentiment rebounded, and ethyl acetate prices saw a slight increase.

According to the SunSirs’acetic acid market analysis system, the price was 2,400 RMB/ton as of July 30th, a 3.61% decrease from 2,490 RMB/ton at the beginning of the month. Acetic acid prices continued to weaken, with weak ethyl acetate cost support, slow downstream consumption, and average shipments from acetic acid companies. The market is characterized by strong supply and weak demand, leading to a continued downward trend in acetic acid transaction center.

Future outlook:

As of July 30, the ethyl acetate market was rising slightly, the supply side operating rate was not high, the downstream was following steadily, and the market mentality was mainly wait-and-see. The prices in the raw material region were fluctuating, and the cost support was limited. It is expected that the price of ethyl acetate will stabilize in the future. Specifically, attention should be paid to changes in the supplier's equipment and downstream follow-up.

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