According to the Commodity Market Analysis System of Shengyi Society, as of the 22nd, the price of ethyl acetate was 5493.33 yuan/ton, a decrease of 36.67 yuan/ton or 0.66% compared to the price of 5530.00 yuan/ton on October 15th. There have been no changes to the ethyl acetate plant, and the supply side is running steadily. Downstream demand is poor, and the raw material market is falling, resulting in a weak and downward adjustment of ethyl acetate prices.
Recently, domestic ethyl acetate facilities have mainly maintained their initial state, with little fluctuation in on-site production capacity utilization. With the rise in ethyl acetate prices, positive market news has gradually eased. Although the supply side has tightened, downstream demand for entering the market has not followed up significantly, and some manufacturers are generally accepting high prices. In order to maintain shipments, the focus of ethyl acetate transactions has shifted downwards. At the same time, upstream acetic acid prices have declined, and cost support has weakened, resulting in a weak operation of the ethyl acetate market.
In the future, downstream entry of ethyl acetate will follow up as needed, and the market trading atmosphere is relatively weak. However, the operating rate of on-site equipment is not high, which also supports the supply side. The market supply and demand game is expected, and the short-term price of ethyl acetate is expected to be weak and stable. In the future, specific attention should be paid to equipment fluctuations and downstream follow-up situations.