According to the Commodity Market Analysis System of Shengyi Society, as of November 11th, the price of ethyl acetate was 5773.33 yuan/ton, a decrease of 2.70% compared to the price of 5933.33 yuan/ton on November 1st. Due to weak downstream demand and declining raw material prices, there is a strong bearish sentiment in the market, leading to a continuous decline in the ethyl acetate market.

Since November, the price of ethyl acetate in China has been continuously declining. Downstream demand is weak, and cautious observation is the main focus. Manufacturers’ shipments are hindered, inventory continues to accumulate, and the mentality of the main factories is poor. The quotation for ethyl acetate continues to decline. At the same time, the raw material acetic acid market is declining, and the cost side is bearish, which is transmitted to the end market and affects downstream buying. Trading in the market is weak, and the focus of ethyl acetate transactions continues to shift downwards. On the 11th, the main factory stopped, downstream buying increased, and the price of ethyl acetate slightly rose.

In the future, there will be equipment shutdowns in the ethyl acetate market, a decrease in the supply side, an increase in bullish sentiment within the market, a wait-and-see attitude in downstream markets, and a follow-up in market demand, which will relatively reduce inventory pressure on manufacturers and increase market benefits. It is expected that the price of ethyl acetate will remain strong in the short term, and specific attention will be paid to changes in upstream market conditions and downstream follow-up situations.