SunSirs: The Price of Ethyl Acetate Fluctuated in June

Price trend

According to the Commodity Market Analysis System of SunSirs, as of June 30th, the average production price of ethyl acetate was 5,450.00 RMB/ton, a decrease of 6.67 RMB/ton compared to the beginning of the month price of 5,456.67 RMB/ton, with an overall decline of 0.12%. The main reason was the sluggish downstream demand, average shipments from enterprises, weak raw material support, lack of market benefits, and weak prices of ethyl acetate.

Analysis review

This month, the market for ethyl acetate was fluctuating. At the beginning of the month, the price of ethyl acetate showed a weak downward trend, with raw material prices falling and the cost side being bearish, resulting in a downward pressure on ethyl acetate; Afterwards, there was an increase in downstream follow-up, and the company's shipments were smooth. In addition, the profit of ethyl acetate increased, and the market transaction focus shifted towards a strong upward trend; At the end of the month, the upstream market fell again, leading to a bearish sentiment in the ethyl acetate market. Downstream inquiries weakened, and the price of ethyl acetate continued to decline.

According to the SunSirs’ Acetic Acid Commodity Market Analysis System, as of June 30th, the price was 2,520 RMB/ton, a decrease of 6.67% compared to the acetic acid price of 2,700 RMB/ton at the beginning of the month. The price of acetic acid continued to decline, and the cost support for ethyl acetate was weak. Downstream supply consumption was average, and acetic acid companies had limited shipments, resulting in a downward shift in market transaction focus.

Market outlook

As of June 30th, the ethyl acetate market was operating weakly, with downstream companies adopting a wait-and-see attitude and low enthusiasm for entering the market. Actual market transactions were weak, and enterprise inventory had accumulated, resulting in significant sales pressure. It is expected that the price of ethyl acetate will be weaker in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.