Price trend

According to data from SunSirs, as of July 31st, the average production price of ethyl acetate was 5,860 RMB/ton, an increase of 193.33 RMB/ton compared to the beginning of the month price of 5,666.67 RMB/ton, with an overall increase of 3.41%. Supply side equipment maintenance, downstream on-demand procurement, good market transaction atmosphere, and strong rise in ethyl acetate market.

Market analysis

This month, the ethyl acetate market has been operating strongly. On the supply side, some companies have been repairing their equipment, resulting in a decrease in the operating rate of ethyl acetate. The positive attitude of the companies has led to an increase in the price of ethyl acetate; Although downstream procurement is mainly based on demand and the market trading atmosphere is still good, the performance of raw materials is strong, and the price of acetic acid has risen, which has increased the boosting effect on ethyl ester. The market sentiment of ethyl acetate is optimistic, and the focus of ethyl ester transactions has shifted upward within the month.

According to data from SunSirs, as of July 31st, the price of acetic acid was 3,223.33 RMB/ton, an increase of 4.99% compared to 3,070 RMB/ton at the beginning of the month. On the supply side, the maintenance of the acetic acid plant is concentrated, and the market sentiment is quite high. The price of acetic acid has risen strongly during the month, but downstream demand is poor. The increase in acetic acid in the later period is limited, which has weakened the boosting effect on ethyl acetate. At the end of the month, the price of ethyl acetate has stabilized.

Market outlook

Looking at the future, the maintenance of ethyl acetate equipment has been restored, supply expectations have increased, and the pressure on enterprises to discharge inventory has increased. However, due to the traditional off-season downstream, demand support is insufficient, and the market sentiment is bearish. It is expected that the ethyl acetate market will be weak and stable next month, with narrow price fluctuations. Specific attention should be paid to changes in supplier equipment and downstream follow-up.

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