According to a large amount of data monitoring from the business agency, the ethyl acetate Market in East China has been operating steadily after the adjustment of shocks. As of June 9, the average price of ethyl acetate in East China was 5400 yuan / ton, up 1.5% from the same period last month.
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At present, the domestic ethyl acetate Market has started smoothly as a whole, and the industry’s operating rate has been maintained at about 50%. The enterprises are mainly engaged in consumption inventory contracts, and the downstream market just needs to purchase. In the short term, the trading is still flat, the demand side is difficult to effectively improve, and the support for ethyl acetate is insufficient, so the industry has many expectations.
In terms of raw materials, the acetic acid market tends to be stable in the near future, and the manufacturers gradually start to inquire after watching. With the equipment maintenance and the inventory consumption of manufacturers in East China, the market buying activity has increased. At present, the average price of acetic acid in East China is about 2166 yuan / ton; the ethanol manufacturers issue more orders, the inventory is not high, the price of raw materials corn remains high, and the production pressure of enterprises is large in the short term Under the favorable factors, the factory price remains stable, and under the positive attitude of small factory shipment, there is the possibility of weak consolidation.
On the international side, the supply and demand of international ethyl acetate are weak. Affected by the decline of raw material acetic acid, the price of ethyl acetate continues to decline, with European ports at about $900 / ton and North American ports at about $610 / ton.
According to the ethyl acetate analyst of the business association, the domestic ethyl acetate market started smoothly, with abundant spot supply. The downstream market just needs to be purchased. The trade in the industry is cautious, and the demand for ethyl acetate is limited. Due to the small inventory pressure of the enterprise at present, the space for price reduction is limited, and it is expected to run slightly and stably in a short time.
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