SunSirs: Last Week, the Ethyl Acetate Market Fluctuated

Price trend

According to the SunSirs Commodity Market Analysis System, as of the 29th, the price of ethyl acetate was 5,380.00 RMB/ton, down 0.12% from the price of 5,386.67 RMB/ton on August 25th and 1.22% from the beginning of the month. Reduced supply capacity utilization, a bullish market sentiment, and insufficient downstream demand had led to sluggish price increases and a downward trend in ethyl acetate prices.

Analysis review

The domestic ethyl acetate production capacity utilization rate declined, the market inventory increase decreased, and the corporate mentality was bullish. At the same time, the price of raw materials was stronger, and the cost support was favorable. The price of ethyl acetate had been strongly adjusted upward. On the demand side, the downstream enthusiasm was not high, and there was resistance to high prices. The ethyl acetate market shipments were limited, the corporate mentality had weakened, and the transaction center of ethyl acetate had been weakly downward.

Future outlook:

Looking at the future market, the capacity utilization rate of ethyl acetate market is not high, the inventory pressure of enterprises is still acceptable, the price of raw materials has increased, and the price of ethyl acetate may increase under cost pressure, but the downstream inventory consumption is slow, the market fundamentals are weak, and the supply and demand game in the market. It is expected that the ethyl acetate market will be volatile and weaker. Specific attention should be paid to changes in supplier equipment and downstream follow-up.

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