Price trend:

According to the commodity market analysis system of SunSirs, as of October 31, the average production price of ethyl acetate was 5,436.67 RMB/ton, an increase of 46.67 RMB/ton compared with the price of 5,390.00 RMB/ton at the beginning of the month, representing an overall increase of 0.87%. With weak raw material prices and insufficient cost support, downstream buyers purchased only as needed, resulting in limited positive factors on the supply side and causing ethyl acetate prices to fluctuate.

Analysis review

This month, the ethyl acetate market experienced an overall trend of rising first and then falling. In the first half of the month, ethyl acetate prices rose, mainly due to frequent fluctuations in plant operations, tightening market supply, and strong bullish sentiment among industry players, leading to a strong upward adjustment in ethyl acetate prices. In the second half of the month, some plants that had undergone maintenance resumed operations, weakening the positive factors. At the same time, the price of acetic acid, the raw material, continued to fall, creating a negative cost environment, and ethyl acetate prices subsequently declined. 

According to the SunSirs' commodity market analysis system, as of October 31, the price of acetic acid was 2,420.00 RMB/ton, a decrease of 8.33% compared to 2,640.00 RMB/ton at the beginning of the month. Acetic acid prices trended weakly downwards throughout the month, downstream purchasing activity was low, acetic acid inventory accumulated on the supply side, and market sentiment was weak, all of which negatively impacted the ethyl acetate market.

Market Forecast:

As of October 31, ethyl acetate production was sufficient, putting pressure on companies to ship their products. Downstream buyers were cautious in their purchases, resulting in limited demand support. The raw material acetic acid market was weak, leading to sluggish cost support and a lack of positive factors in the market. It is expected that the ethyl acetate market will remain weak next month. Specific attention should be paid to changes in supplier facilities and downstream follow-up.

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