Price trend

According to the SunSirs' commodity market analysis system, the price of ethyl acetate was 5,370.00 RMB/ton on November 26, a 0.31% increase compared to the previous day.

The SunSirs' ethyl acetate index was 73.06 points on November 26, up 0.23 points from the previous day, down 50.73% from the highest point of 148.30 (September 27, 2021) within the cycle, and up 23.06% from the lowest point of 59.37 (September 7, 2016). (Note: The cycle refers to September 1, 2011 to present.)

Market Analysis

Domestic ethyl acetate plants were operating stably with a relatively high overall operating rate. Downstream consumption was slow, and the market was mainly driven by demand. Ethyl acetate manufacturers were negotiating shipments. The price of raw material acetic acid continued to rise, and there was a strong intention to maintain the price of ethyl acetate. Driven by costs, the price of ethyl acetate was adjusted upward.

Market Forecast:

Looking ahead, ethyl acetate plants were operating stably, but supply-side inventory pressure was high. Downstream purchases were limited, and the market was mainly adopting a wait-and-see attitude. The strong upstream acetic acid market was providing some support for the ethyl acetate market sentiment. It is expected that the ethyl acetate price will consolidate within a narrow range in the short term. The specific market trend will depend on the raw material market and downstream follow-up.

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