Price trend

According to SunSirs Data, as of the 22nd, the price of ethyl acetate stood at 6,800 RMB/ton. This represents a decrease of 676.66 RMB/ton—or 9.01%—compared to the price of 7,473.33 RMB/ton recorded on April 11. With the prices of raw materials for ethyl acetate on the decline, cost-side factors were exerting bearish pressure; consequently, market participants remained pessimistic, driving a continued downward trend in ethyl acetate prices.

Market analysis

Declining prices for upstream acetic acid were exerting a bearish influence on the ethyl acetate market, driving a downward trend in pricing. Downstream buyers were adopting a cautious approach, showing limited enthusiasm for market procurement; consequently, demand-side support for ethyl acetate remained insufficient. On the supply side, plant operating rates had risen—leading to an increased volume of available product—and manufacturers were demonstrating a clear intent to offload inventory. Amidst a prevailing bearish market sentiment, the ethyl acetate market was trending weakly downward.

Market Outlook

From a market outlook perspective, cost support for ethyl acetate remained moderate; influenced by bearish factors, prices are likely to continue their downward trend. In terms of fundamentals, operating rates at ethyl acetate production facilities remained relatively high. Prior to the holiday, manufacturers focused primarily on clearing inventory; however, downstream demand remained lackluster, resulting in limited purchasing activity for ethyl acetate. Consequently, the market's supply-demand balance was temporarily weak. It is anticipated that ethyl acetate prices will undergo a period of weak consolidation in the near term; future market developments should be closely monitored, with particular attention paid to raw material price trends and the extent of downstream follow-through.

SunSirs has been continuously tracking price data for over 200 commodities for nearly 20 years, please contact support@sunsirs.com for subscription.