Price trend

According to the SunSirs commodity market analysis system, as of August 31st, the average price of ethyl acetate production was 5,380.00 RMB/ton, down 66.67 RMB/ton from the price of 5,446.67 RMB/ton at the beginning of the month, a decrease of 1.22%. This was primarily due to continued weak downstream demand, slow market consumption, significant supply-side pressure, and a weakened market sentiment among industry players. This persistent supply-demand imbalance had led to a downward trend in ethyl acetate prices.

Analysis review

This month, the ethyl acetate market experienced a volatile downward trend. Falling raw material prices at the beginning of the month, coupled with weak downstream demand, fueled by bearish sentiment, weakened ethyl acetate prices. While some export orders supported a slight increase in prices, overall demand remained weak and downstream support was limited, leading to a continued weakening market. With plant shutdowns in Henan in the latter half of the month, market supply was expected to decrease. While some manufacturers saw price increases, prices fell again at the end of the month due to a lack of improvement in demand.

According to the SunSirs acetic acid market analysis system, the price was 2,420.00 RMB/ton as of August 31st, a 0.83% increase from the price of 2,400.00 RMB/ton at the beginning of the month. Acetic acid prices initially fell before rising, driven by increasing cost pressure on ethyl acetate. Downstream demand was driving downstream market entry, while supply-side acetic acid capacity utilization was decreasing. This had led to a positive market sentiment and a strong upward trend in acetic acid prices.

Market outlook

Looking at the future market, the capacity utilization rate of ethyl acetate has decreased slightly recently, the supply side has been supported, the downstream mostly followed up on demand, and the market transaction was flat. With the arrival of the traditional peak season, the market may improve. It is expected that the ethyl acetate market will fluctuate and consolidate in September, and the price will increase slightly. Specifically, pay attention to the changes in the supplier's equipment and the follow-up of the downstream.

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