According to the Commodity Market Analysis System of Shengyi Society, as of the 21st, the price of ethyl acetate was 5356.67 yuan/ton, an increase of 0.44% compared to the price of 5333.33 yuan/ton on September 15th. The price of acetic acid has risen, with favorable raw material support and stable downstream demand. Supply side enterprises have low inventory, and the market for ethyl acetate has stabilized and risen.
The utilization rate of domestic ethyl acetate production capacity remains low, and there is not much pressure on enterprise inventory. Downstream entry into the market follows up on demand, and market trading is still acceptable. The price of acetic acid on the raw material side has risen, and the atmosphere in the ethyl acetate market has been boosted by costs. In addition, with the support of the traditional peak season mentality, the price of ethyl acetate has been strongly raised.
Looking at the future, the inventory of ethyl acetate enterprises is currently low, with strong quotations as the main factor. As the holiday approaches, market demand is optimistic, and enterprises are actively shipping. At the same time, the raw material market is supportive. It is expected that ethyl acetate will continue to operate strongly in the short term, and specific attention will be paid to the trend of raw materials and downstream follow-up.