Price trend

According to the commodity market analysis system of SunSirs, as of the 16th, the price of ethyl acetate was 5,340.00 RMB/ton, a decrease of 33.33 RMB/ton compared with the price of 5,373.33 RMB/ton on November 10th, a drop of 0.62%. Ethyl acetate production capacity was relatively high, downstream demand was only meeting immediate needs, market trading was sluggish, and the price of ethyl acetate had seen a slight downward adjustment.

Market Analysis

Last week, the domestic ethyl acetate capacity utilization rate decreased compared to the previous week, but the overall operating rate remained high. Market inventory was sufficient, downstream demand was weak, and the enthusiasm for entering the market was not high, resulting in weak market transactions. The price of acetic acid, the raw material, rose, putting significant cost pressure on the industry. Ethyl acetate manufacturers increased their willingness to ship, but the supply and demand imbalance persisted in the market. Downstream buyers were cautious in their purchases, and the transaction focus of ethyl acetate shifted downward.

Market Forecast:

Looking ahead, the reduced capacity utilization rate of ethyl acetate has eased supply pressure. Although downstream demand is insufficient and companies' shipments are limited, the continued rise in upstream acetic acid prices may boost sentiment towards ethyl acetate. It is expected that ethyl acetate prices will consolidate with a slightly upward bias in the short term. The specific market trend will depend on raw material prices and downstream demand.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.