According to the Commodity Market Analysis System of Shengyi Society, as of the 14th, the price of ethyl acetate was 5530 yuan/ton, an increase of 140 yuan/ton or 2.60% compared to the price of 5390 yuan/ton on October 8th. After the holiday, multiple sets of ethyl acetate plants fluctuated, and supply expectations tightened. Industry players showed strong upward sentiment, while the raw material market remained strong at high levels, leading to a strong upward adjustment in ethyl acetate prices.
Returning from the holiday, domestic ethyl acetate plants have experienced frequent fluctuations, with a wide decline in on-site capacity utilization. The market sentiment is optimistic, and manufacturers have raised their prices one after another; The inventory pressure of raw material manufacturers is not high, and the price of acetic acid remains high and firm. The cost support of ethyl acetate is good; In terms of demand, downstream inventory consumption is mainly during the holiday period, and there is a demand for inventory replenishment after the holiday. The market news is mostly positive, and the trend of ethyl acetate market is strong and rising after the holiday.
In the short term, the supply of ethyl acetate remains favorable, with firm enterprise quotations as the main factor and continued support from the raw material market. It is expected that the ethyl acetate market will operate at a high level. In the long run, the price of ethyl acetate will increase significantly, and downstream may have resistance to high prices. In the future, specific attention should be paid to the trend of raw materials and downstream follow-up.