This week (5.17-21), the domestic ethyl acetate Market stabilized after the fall. At the beginning of the week, the decline of ethyl acetate continued last week. However, from the middle of the week to the weekend, the market gradually stabilized and stopped falling. The downstream demand is still relatively weak. At present, the market still shows no sign of rebound. According to the monitoring of business society, the decline of this week is 0.93%, slightly slower than the previous week (- 2.65%). The main reason is that the upstream acetic acid stops falling and stabilizes, and the ethyl acetate enterprises are generally on the verge of loss, so there is insufficient space for manufacturers to further fall. The operating rate is stable, the supply of goods is relatively sufficient, and the market is in a strong wait-and-see mood. At present, there is no sign of a better market.

First of all, from the perspective of the upstream acetic acid market, according to the monitoring of the business community, the price of acetic acid has been declining continuously since the festival, with a decline of 1.74% this week (5.17-21) (as shown in the figure below). On the one hand, the operating rate of acetic acid is high, generally between 80% and 90%, the output of manufacturers is stable and slightly increased, and the market supply is relatively sufficient, which suppresses the price rebound of downstream ethyl acetate.

In addition, from the perspective of ethyl acetate supply, the current market supply is relatively abundant, and the operating rate of enterprises is stable. Domestic manufacturers have no maintenance for the time being. Some large manufacturers are mainly reducing prices and shipping this week. According to the calculation of the business society, the price reduction of large manufacturers is in the range of 100-200 yuan / ton, which is slower than the decline of 300 yuan last week.

From the perspective of supply and demand of ethyl acetate, the terminal demand entered the traditional off-season, and the reduction of downstream procurement depressed the price of ethyl acetate. After a previous round of price increase, the downstream showed rational and certain resistance to the high price of ethyl acetate, which affected the number of households and made the market more vulnerable.

In the future, the ethyl acetate analysts of the business club believe that after nearly two weeks of decline, ethyl acetate has entered the adjustment pattern in the short term. Considering that the manufacturers are facing losses and lack of space to continue to go down, Yankuang and Longyu, two major domestic manufacturers, have maintenance plans in June, and the supply will shrink at that time, and the price of ethyl acetate is expected to rise at that time.