Price trend

According to the SunSirs commodity market analysis system, as of the 28th, the price of ethyl acetate was 5,390.00 RMB/ton, a 0.50% increase from 5,363.33 RMB/ton on September 22nd. Acetic acid prices remained strong, boosted by positive raw material prices and increased production on the supply side, which suppressed the slight increase in ethyl acetate prices.

Analysis review

Last week, the domestic ethyl acetate production capacity utilization rate increased, the market inventory increased, the downstream pre-holiday stocking demand was general, and a small amount of trading was mainly on demand. The price of raw acetic acid continued to rise, which provided good support for the market sentiment of ethyl acetate. The price of ethyl acetate increased slightly during the week.

Market outlook

As of September 28, the inventory of ethyl acetate market was relatively high, and enterprises maintained active shipments. The downstream restocking sentiment before the holiday was poor. The market trading followed the just-in-time demand, and the raw material market had limited support. It is expected that ethyl acetate will fluctuate and run steadily in the short term. Pay specific attention to the raw material trend and downstream follow-up.

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