Supply slows down, market price of ethyl acetate rises steadily

According to the monitoring of the bulk data of the business agency, due to the impact of enterprise maintenance, the market of ethyl acetate in East China has risen steadily. As of August 12, the average price of enterprises in East China was about 5682 yuan / ton, up 1.47% compared with the beginning of the month and 1.93% higher than the same period of last month.

 

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Affected by the market situation of oversupply and high cost in the early stage, some production enterprises have suffered from passive losses. Recently, the parking and maintenance of ethyl acetate enterprises in Shandong Province has greatly alleviated this situation. The enterprises have raised the factory price in accordance with the trend, while the downstream market has a good buying and rising mentality, so the market trading is gradually active. At present, the East China region is about 5700 yuan / ton, and the North China region is 5400-560 yuan 0 yuan / ton, and 5900 yuan / ton in South China.

 

In terms of raw materials, the acetic acid market is affected by enterprise overhaul, and the market bearish mentality slows down, and the price of acetic acid stops falling and stabilizes. With the completion of enterprise overhaul and the overall high inventory of the market, negative factors still exist in the future. The ethanol market has been consolidated at a high level, and the raw material corn is still at a high level. Some large factories have successively issued maintenance plans. However, the weak demand in the downstream market has led to a downward trend in the price of ethanol, which is about 6175 yuan / ton at present.

 

Internationally, the overall performance of international ethyl acetate is relatively stable, among which the port price of European market is about 750 euro / ton; the port price of North American market is about 610-660 US dollars / ton.

 

According to the analysts of ethyl acetate of business club, the current domestic ethyl acetate Market has a strong wait-and-see atmosphere, and the recent decline in raw material prices does not support ethyl acetate. The active purchasing in the downstream market in the early stage has alleviated the inventory pressure of enterprises to a certain extent. It is expected that the price of ethyl acetate will remain firm in a short time, and it is still necessary to pay attention to the market situation of raw materials and the production situation of enterprises in the future.

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