1、 Price trend

According to the monitoring of bulk data from the business agency, affected by the continuous rise in the price of raw materials acetic acid, the domestic price of ethyl acetate has been rising continuously. As of May 13, the average price of ethyl acetate in East China was about 5487 yuan / ton, 3.39% higher than that in early May.

2、 Cause analysis

Product: the price of raw material acetic acid continues to rise. In addition, the recent freight increase is obvious. The two-way benefits drive the price of domestic ethyl acetate to rise. However, due to the low demand in the downstream market, the trade and investment in the industry is light, the enterprise is in cost consideration, more negative operation, and less market transactions. At present, the price in East China is about 5400-5500 yuan / ton, in North China 5250-5550 yuan / ton, and in South China 5600-5700 yuan / ton

Industry chain: upstream, the acetic acid market entered the period of centralized maintenance in May, the supply of acetic acid spot is tight, which is hard to make up effectively in a short period of time. Some enterprises do not offer or ship in limited quantity, and the price continues to rise; the ethanol market is strong, the price of raw material corn is high, the freight is rising, and the inventory is low. At present, the price in East China is about 5750 yuan / ton.

International: affected by the international epidemic, the supply of international ethyl acetate has declined to a certain extent. In addition, the price of raw materials is well supported, and the price of ethyl acetate has increased slightly. Among them, the price of ports in Europe is about 1085 US dollars / ton, and that in North America is about 590 US dollars / ton.

3、 Future forecast

According to the analysis of ethyl acetate in business association, the overall starting and buying performance of ethyl acetate Market is weak at present. The driving force for the price rise of ethyl acetate is due to the strong price of raw materials and insufficient support on the demand side. It is expected that the price of ethyl acetate will be stable and strong in a short period of time. Pay attention to the price situation of acetic acid and ethyl alcohol.