SunSirs: Ethyl Acetate Prices Rose Strongly After the Holiday (October 8-14)

Price trend

According to the SunSirs Commodity Market Analysis System, as of the 14th, the price of ethyl acetate was 5,530 RMB/ton, up 140 RMB/ton, or 2.60%, from 5,390 RMB/ton on October 8th. Fluctuations in the post-holiday production of ethyl acetate plants and an expected tightening of supply have fueled strong market sentiment, while strong raw material prices have also contributed to a strong upward trend in ethyl acetate prices.

Analysis review

After the holiday, domestic ethyl acetate plants fluctuated frequently. Jiangsu Sopo, Qianxin Jingmen and Guangdong Zhuhai Qianxin were shut down for maintenance. The on-site capacity utilization rate fell widely. The market sentiment was optimistic and manufacturers raised their quotations one after another. On the raw material side, manufacturers faced little inventory pressure, acetic acid prices remained high and firm, and the cost of ethyl acetate was well supported. In terms of demand, the downstream mainly consumed inventory during the holiday, and there was a demand for replenishment after the holiday. Most of the on-site news was positive, and the ethyl acetate market trend rose strongly after the holiday.

Market outlook

In the short term, the supply of ethyl acetate continues to be favorable, corporate quotations are mainly firm, and raw material market support still exists. It is expected that the ethyl acetate market will run at a high level. In the long term, the price of ethyl acetate will increase significantly, and downstream companies may be resistant to high prices. In the future, specific attentions should be paid to the raw material trend and downstream follow-up.

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