Price trend

According to the SunSirs Commodity Market Analysis System, as of the 8th, the price of ethyl acetate was 5,373.33 RMB/ton, a 0.19% increase from the price of 5,363.33 RMB/ton on September 1st. Supply facilities were operating smoothly, supported by rising raw material prices, and with limited downstream demand, the market remained relatively weak, leading to a narrow upward trend in ethyl acetate prices.

Analysis review

The domestic ethyl acetate production capacity utilization rate increased slightly, market inventory increased, enterprises maintained shipments as the main focus, the raw material acetic acid market was strong, and the price of ethyl acetate followed the upward trend driven by costs. In the later period, the price of acetic acid stabilized, and market support weakened. At the same time, downstream consumption was general, demand was weak, and the industry mentality was poor, so the price of ethyl acetate was consolidated and lowered.

Market outlook

Looking at the future market, the ethyl acetate plant is running smoothly, the industry players are mainly in a wait-and-see attitude, the raw material acetic acid market is strong, the downstream demand is weak, the market news is playing a game, the shipment situation of ethyl acetate companies is different, it is expected that ethyl acetate will fluctuate and consolidate in the short term, and specific attention should be paid to the raw material trend and downstream follow-up.

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