Price trend:

According to the commodity market analysis system of SunSirs, as of the 28th, the price of ethyl acetate was 5,376.67 RMB/ton, an increase of 40 RMB/ton compared with the price of 5,336.67 RMB/ton on November 21st, representing a rise of 0.75%. Ethyl acetate production was operating stably, downstream demand had increased, upstream prices were strong, and the raw material supply was providing favorable support, leading to a stronger upward trend in ethyl acetate prices..

Market Analysis

Last week, the domestic ethyl acetate capacity utilization rate increased compared to the previous week, market inventory was sufficient, downstream buyers purchased as needed, and market participation was moderate. The price of acetic acid, the raw material, continued to rise, and the market sentiment was bullish. Driven by costs, some ethyl acetate manufacturers raised their quotations, but the weak market demand had not yet improved, and the overall increase in ethyl acetate prices was limited.

Market outlook

Looking ahead, the operating rate of ethyl acetate production is not expected to change significantly, and the supply is steadily increasing. Although the rise in upstream prices provides some support for the sentiment regarding ethyl acetate, downstream demand is limited, and market transactions are mainly driven by immediate needs. It is anticipated that the price of ethyl acetate will remain stable in the short term, and the specific market trend will depend on the raw material market and downstream demand.

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