SunSirs: In May, the Downstream Purchasing Demand for Ethyl Acetate was Sluggish and the Price was Reduced

According to the commodity market analysis system of SunSirs, as of May 31, the average production price of ethyl acetate was 5456.67 RMB/ton, which was 60 RMB/ton lower than the price of 5516.67 RMB/ton at the beginning of the month, with an overall decline of 1.09%. The main reason is the sluggish downstream demand, the obstruction of enterprise shipments, limited raw material support, lack of market benefits, and the weak downward adjustment of ethyl acetate prices.

Market analysis: In May, the ethyl acetate market fluctuated weakly. After the holiday, the price of ethyl acetate dropped sharply, mainly due to the decline in the price of raw material acetic acid, the cost side was negative, the downstream demand for ethyl acetate was weak, and the price of ethyl acetate fell under the guidance of the news; in the middle and late part of the month, the price of ethyl acetate fluctuated. Although the upstream market rose and the cost side was supported, the demand enthusiasm was not high, the market trading was poor, the mentality of the industry was entangled, and the price of ethyl acetate fluctuated slightly.

According to the acetic acid commodity market analysis system of SunSirs, the price was 2,700 RMB/ton as of May 31, which was the same as the acetic acid price of 2,700 RMB/ton at the beginning of the month. The price of acetic acid fluctuated in a range, the cost support of ethyl acetate was limited, the profit of ethyl acetate was low, the pressure on enterprises to ship was large, and the focus of market transactions continued to decline.

In the future, the ethyl acetate market is currently running weakly and steadily, the downstream is mainly on the sidelines, the market transactions are limited, the supply side has increased supply, the sales pressure has increased, and there is a lack of positive factors in the market. It is expected that the price of ethyl acetate will continue to be weak in the future, and specific attention will be paid to the changes in the supplier's equipment and the follow-up of the downstream.

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