SunSirs: The Price of Ethyl Acetate in April Showed a Weak Downward Trend

Price trend

According to the Commodity Market Analysis System of SunSirs, as of April 29th, the average production price of ethyl acetate was 5,516.67 RMB/ton, a decrease of 60 RMB/ton compared to the beginning of the month price of 5,576.67 RMB/ton, with an overall decline of 1.08%. The main reason for the continuous decline in ethyl acetate prices was due to weak downstream demand, poor shipments from enterprises, and a decrease in raw material prices, resulting in a negative cost outlook.

Analysis review

This month, the market for ethyl acetate has been weak and declining. In the first ten days, the price of ethyl acetate first fell and then rose, mainly due to the increase in the price of raw material acetic acid, which boosted the cost and led to a slight increase in the price of ethyl acetate; In the mid-late April, the price of ethyl acetate continued to decline, with weak upstream market conditions, weakened cost support, slow consumption of inventory on the demand side, poor enthusiasm for entering the market, and bearish sentiment among industry players. As a result, the price of ethyl acetate continued to decline.

According to the SunSirs’ Acetic Acid Commodity Market Analysis System, as of April 29th, the price was 2,700 RMB/ton, a decrease of 3.91% compared to the acetic acid price of 2,810 RMB/ton at the beginning of the month. The price of acetic acid has decreased, the cost support for ethyl acetate has weakened, the profit of ethyl acetate has decreased, the shipping pressure has increased, and the market transaction focus has been lowered.

Market outlook

As of April 29th, the ethyl acetate market continued to be weak, with downstream companies adopting a wait-and-see attitude and insufficient demand support. Supply side enterprises have increased inventory, resulting in increased sales pressure and a lack of favorable market conditions. It is expected that the price of ethyl acetate will weakly consolidated in the future. Specific attention will be paid to changes in supplier equipment and downstream follow-up.

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