Price trend

According to the SunSirs Commodity Market Analysis System, as of September 30th, the average price of ethyl acetate production was 5,390.00 RMB/ton, up 26.67 RMB/ton from 5,363.33 RMB/ton at the beginning of the month, an overall increase of 0.50%. While raw material prices were strong, with costs supporting favorable conditions, downstream demand was weak, and inventory pressures were high on the supply side. Market sentiment was fluctuating, leading to a period of price fluctuations.

Analysis review

The ethyl acetate market experienced volatility in September. Rising raw material prices at the beginning of the month drove up ethyl acetate prices, driven by cost. Subsequent weak demand led to downstream purchases being based on demand, leading to accumulated inventories at companies and a downward trend in ethyl acetate prices. In mid-to-late September, as raw material prices continued to strengthen and pre-holiday inquiries increased, ethyl acetate manufacturers' quotations followed the raw material price increase. However, as demand remained relatively stable, the overall price increase for the month was limited.

According to the SunSirs' acetic acid market analysis system, the price was 2,640.00 RMB/ton as of September 30th, an 8.64% increase from 2,430.00 RMB/ton at the beginning of the month. Acetic acid prices continued to rise, with ethyl acetate driving the gains. Active pre-holiday downstream purchases, declining acetic acid inventories, and a resilient market sentiment contributed to a strong upward trend in acetic acid prices.

Market outlook

Recently, the utilization rate of ethyl acetate production capacity increased, and the inventory pressure on the supply side was relatively large. The downstream purchasing sentiment before the holiday was general, the market transactions were limited, and the strong supply and weak demand situation in the market continued, but the raw material prices were strongly supported. At the same time, the downstream replenishment is expected to improve after the holiday. It is expected that the ethyl acetate market will rise slightly in October. Specifically, we will pay attention to the changes in the supplier's equipment and the follow-up of the downstream.

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