This week (3.4-8), the domestic ethyl acetate market showed weak performance, with prices fluctuating and falling. According to the Commodity Market Analysis System of Business Society, as of Friday, the decline in ethyl acetate was 2.24%, with a cumulative range of 100-200 yuan/ton. The main reason is the weak performance of supply and demand.

Since the beginning of this week, the supply and demand in the ethyl acetate market have been weak. On the one hand, the cost side has shown pressure. Since March, the price of acetic acid has continued to decline, with a decrease of nearly 2% this week. More importantly, downstream ethyl esters have been affected by weak supply and demand, leading to stable production by manufacturers and an increase in supply after the holiday; However, due to weak demand and negative pressure from both supply and demand, the price of ethyl ester has not remained stable. This week, Shandong’s main large factories bid for shipments, with the starting price lowered twice, exceeding 100 yuan/ton, suppressing market confidence. The market follows suit, dealers lower prices to ship, resulting in a bearish decline in prices.

It is expected that the ethyl acetate market will remain weak and volatile in the short term. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6400-6600 yuan/ton.