Price trend

According to the SunSirs commodity market analysis system, as of the 21st, the price of ethyl acetate was 5,356.67 RMB/ton, a 0.44% increase from the price of 5,333.33 RMB/ton on September 15th. The rise in acetic acid prices was supported by favorable raw material conditions, stable downstream demand, and low inventory levels at supply-side companies, leading to a consolidation and upward trend in ethyl acetate prices.

Analysis review

The domestic ethyl acetate production capacity utilization rate remained low, the inventory pressure of enterprises was not great, the downstream enters the market according to demand, the market trading was still good, the price of acetic acid on the raw material side was rising, and the market atmosphere of ethyl acetate was strong driven by cost. Coupled with the support of the traditional peak season mentality, the price of ethyl acetate was strong and had been raised.

Market outlook

As of September 21, the inventory of ethyl acetate companies was low and the quotations were mainly firm. With the holiday approaching, the market demand was optimistic and companies were actively shipping. At the same time, the raw material market was supportive. It is expected that ethyl acetate will continue to be stronger in the short term. Specifically, pay attention to the raw material trend and downstream follow-up.

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