Price trend

According to SunSirs' Commodity Market Analysis System, as of the 24th, the price of ethyl acetate stood at 6,616.67 RMB/ton. This represents an increase of 216.67 RMB/ton—or 3.39%—compared to the price of 6,400.00 RMB/ton recorded on March 16. Driven by rising upstream prices and favorable cost support, market participants have adopted a strong bullish sentiment; consequently, the price trend for ethyl acetate was exhibiting upward momentum.

Market analysis

With the price of raw material acetic acid remaining at persistently high levels, ethyl acetate enjoyed strong cost-side support, driving its price trend upward. On the downstream side, consumers were primarily focused on depleting existing inventories and were engaging in strictly demand-driven procurement, thereby offering only moderate support to ethyl acetate prices. Regarding supply, the recent shutdown of major production facilities in Shandong had fostered a bullish market sentiment; consequently, ethyl acetate is expected to continue trading with a firm bias. 

Market outlook

From a market outlook perspective, ethyl acetate continues to benefit from strong cost support and, driven by these favorable factors, may continue its upward trend. In terms of fundamentals, however, operating rates at ethyl acetate production facilities remain relatively high, resulting in an ample supply of market inventory. Downstream consumption is temporaily moderate—reflecting limited demand for ethyl acetate—and the overall supply-demand balance remains unfavorable; this situation may serve to temper the extent of any price increases. Consequently, the ethyl acetate market is expected to undergo a phase of consolidation and tend to be stonger in the near term; future market movements will depend specifically on trends in raw material prices and the level of downstream follow-through.

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