According to the Commodity Market Analysis System of Shengyi Society, as of the 19th, the price of ethyl acetate was 5740.00 yuan/ton, a decrease of 0.58% compared to the price of 5773.33 yuan/ton on November 11th. Due to weak downstream demand, significant inventory pressure from manufacturers, and bearish market sentiment, the ethyl acetate market is running weakly.

In mid November, the domestic price of ethyl acetate first rose and then fell. The rise in raw material prices in the early stage has boosted the market sentiment of ethyl ester, and manufacturers’ quotations have slightly followed suit; In the later stage, downstream demand showed weak performance, the market transaction atmosphere was weak, and the rise in raw material prices did not bring effective benefits. Manufacturers still face significant pressure to ship, and inventory has accumulated. In order to promote transactions, the main factories have continuously lowered their quotations. Under the supply-demand game, the overall weak and orderly operation of ethyl acetate.

In the future, with the continuous decrease in the price of ethyl acetate, downstream purchasing sentiment has increased, and the pressure on manufacturers has weakened. Some manufacturers have slightly increased their quotes, and the mentality of the industry is good. It is expected that the price of ethyl acetate will continue to rise in the short term, and specific attention should be paid to changes in the upstream market and downstream follow-up.