Price trend:

According to the SunSirs' commodity price analysis system, as of November 30th, the average price of ethyl acetate was 5,376.67RMB/ton, a decrease of 60RMB/ton compared to the price of 5436.67RMB/ton at the beginning of the month, representing an overall decline of 1.10%. Strong upward trends in raw material prices increased cost pressure, while weak downstream demand and sluggish sales led to a weak performance in the ethyl acetate market.

Market Analysis

In November, the ethyl acetate market experienced a general trend of initial decline followed by a rise. In the first half of the month, ethyl acetate prices continued to fall, mainly due to the resumption of production at maintenance facilities, leading to increased market supply. Simultaneously, downstream purchasing activity was sluggish, and market sentiment was bearish, resulting in a continuous decline in ethyl acetate prices. In the latter half of November, increased inquiries and purchases from downstream buyers, coupled with a strong rise in raw material prices, led to a strong upward trend in ethyl acetate prices, reversing the earlier decline.

According to the commodity price analysis system of SunSirs, as of November 30th, the price of acetic acid was 2,550.00RMB/ton, a 5.37% increase compared to 2,420.00RMB/ton at the beginning of the month. During the month, acetic acid prices rose sharply, driven by declining operating rates in the supply chain and continuous price increases from manufacturers. Downstream buyers followed suit with purchases based on demand, while the cost pressure impacted the ethyl acetate market.

Market Forecast:

As of the end of November, ethyl acetate inventories were high, and downstream demand was weak.  While the strong acetic acid market was providing some support to market sentiment, overall market fundamentals remained poor, and the market atmosphere was cautious. It is expected that the ethyl acetate market will experience weak consolidation next month, with specific attention to be paid to changes in supplier production and downstream demand.

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