SunSirs: Last Week, the Market for Ethyl Acetate Continued to Decline (April 18-25)

Price trend

According to the Commodity Market Analysis System of SunSirs, as of the 25th, the price of ethyl acetate was 5,533.33 RMB/ton, a decrease of 0.48% compared to the price of 5,560.00 RMB/ton on April 18th, and a decrease of 0.78% compared to the beginning of the month. The supply side equipment was running steadily, the raw material market was weak, downstream demand was following up, and there was insufficient positive news in the market. The ethyl acetate market was consolidating and declining.

Analysis review

Last week, there had been little change in the operation of domestic ethyl acetate plants, and the market supply of goods was relatively sufficient. The price of acetic acid on the raw material side was weak and downward, and the cost support was weak. Downstream consumption in demand was slow, and market purchases were mainly based on demand. The market trading atmosphere was weak, and actual transactions on the market were limited. The focus of ethyl acetate negotiations had fallen.

Market outlook

The operation of the ethyl acetate plant remained stable, with no plans for future changes. The company's shipments were the main focus, and the upstream market was weak. The downstream market was entering according to demand, and there was a lack of market benefits. It is expected that the price of ethyl acetate will operate on a wait-and-see basis in the short term, and specific attention will be paid to changes in the supplier's plant and downstream follow-up.

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