Price trend

According to the SunSirs commodity market analysis system, as of the 25th, the price of ethyl acetate was 5,386.67 RMB/ton, down 0.68% from 5,423.33 RMB/ton on August 18th and down 1.10% from the beginning of the month. Supplier inventories increased slightly, downstream demand remained weak, and market transactions were average, continuing the weak trend in ethyl acetate prices.

Analysis review

The domestic ethyl acetate production capacity utilization rate increased slightly, the market inventory increased, enterprises maintained active shipments, downstream enthusiasm for entering the market was not high, and they sought to purchase at low prices in small quantities. The market consumption inventory was limited. On the raw material side, domestic acetic acid rose and fell, and the cost support was insufficient. Enterprises followed the market, and the price of ethyl acetate fluctuated weakly.

Market outlook

The shipments of ethyl acetate companies were average, the downstream demand was slow to consume, and the market fundamentals were weak. Recently, the raw material acetic acid has been running strong in some areas, which has boosted the mentality towards ethyl acetate. It is expected that the ethyl acetate market may rise slightly in the short term. Specifically, it should pay attention to the changes in the supplier's equipment and the follow-up of the downstream.

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