Price trend

According to data from SunSirs, as of May 31, the average production price of ethyl acetate stood at 6,000 RMB/ton. This represents a decrease of 393.33 RMB/ton—or a total decline of 6.15%—compared to the price of 6,393.33 RMB/ton recorded at the beginning of the month. Driven by falling raw material prices that have weakened cost support, coupled with sluggish downstream demand that has hindered product shipments, the ethyl acetate market is currently trending downward.

Market Analysis

This month, the ethyl acetate market continued its downward trend. On the supply side, operating rates for ethyl acetate increased throughout the month; consequently, market supply was ample, and manufacturers faced significant pressure to move inventory. Regarding demand, trading activity in the end-user market remained sluggish, and downstream purchasing was subdued, resulting in weak fundamentals for ethyl acetate. Concurrently, declining prices for acetic acid—a key raw material—squeezed profit margins for ethyl acetate producers. With market participants demonstrating a strong inclination to offload stock and a prevailing bearish sentiment permeating the sector, ethyl acetate prices continued their steady decline.

According to the SunSirs Commodity Market Analysis System, as of May 31, the price of acetic acid stood at 3,040 RMB/ton—a decline of 4.80% compared to the price of 3,193.33 RMB/ton recorded at the beginning of the month. Throughout the month, acetic acid prices trended downward amidst market fluctuations. On the supply side, operating rates for acetic acid production remained relatively stable, with manufacturers maintaining their pace of shipments; however, weak downstream demand resulted in sluggish sales performance for enterprises. Consequently, the acetic acid market operated under weak conditions, and the cost environment exerted a bearish influence on the ethyl acetate market.

Market Outlook

Currently, supplies of ethyl acetate are ample, and manufacturers face significant pressure to clear inventory. Downstream purchasing enthusiasm remains low, and demand support is moderate. On the feedstock side, acetic acid prices are trending lower, creating bearish pressure on production costs; furthermore, the market lacks positive drivers. Consequently, the ethyl acetate market is expected to continue its weak, consolidating trend into the coming month. Market participants should closely monitor changes in suppliers' plant operations 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.