SunSirs: Downstream Demand Was General, and the Ethyl Acetate Market Was Weakly Consolidating

Price trend

According to the SunSirs commodity market analysis system, as of the 28th, the price of ethyl acetate was 5,473.33 RMB/ton, down 26.67 RMB/ton, or 0.48%, from 5,500 RMB/ton on October 21st. Increased ethyl acetate plant operations, limited downstream purchases, and falling raw material prices had weakened the ethyl acetate market.

Analysis review

Recently, some domestic ethyl acetate equipment that had been under maintenance has resumed operation, the on-site capacity utilization rate has increased, the market inventory has increased, and companies had a clear intention to ship. The price of raw material acetic acid continued to fall, and the cost support weakened, which had a negative impact on the ethyl acetate market atmosphere. At the same time, downstream parties were cautious in entering the market for purchases, and demand performance was general. The mentality of ethyl acetate companies was weak, and the focus of negotiations had shifted downward.

Future Outlook

Looking at the future market, the downstream consumption of ethyl acetate is slow, the actual market transactions are limited, and the pressure on companies to ship inventory may increase. The upstream acetic acid market is weak and the cost support is insufficient. It is expected that the price of ethyl acetate will continue to be weak in the short term. In the future market, specific attention should be paid to the fluctuations of the equipment and the follow-up of the downstream.

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