According to the block data monitoring of the business community, affected by the end market holiday, the domestic ethyl acetate Market was weak. As of February 8, the average price of enterprises in East China was about 7812 yuan / ton, down 2.5% compared with the same period last week and up 14.47% compared with the same period last month.
At present, the domestic ethyl acetate market continues to be weak, the terminal market is affected by the Spring Festival holiday, the demand side support is insufficient, the inventory of ethyl acetate manufacturers is accumulated, the enterprises are forced to give up profits to ship, which drives the surrounding market to reduce the price. As the market is gradually closed, the industry holds a wait-and-see attitude. At present, it is about 7800-7900 yuan / ton in East China, 7600-7700 yuan / ton in North China and 8500-8600 yuan / ton in South China.
In terms of raw materials, the domestic acetic acid market is rising at a high level. Although it is approaching the Spring Festival holiday, the downstream market demand is still stable. In addition, the parking of large North American factories in the near future and the increase of enterprises’ exports in East China have led to the shortage of spot supply in the market, and the overall inventory of acetic acid market is low, so it is difficult to make up the supply side gap in a short time. In terms of ethanol, corn prices continue to be high, ethanol production costs are high, the pre Festival units of enterprises basically maintain low load, and the early downstream stock is obvious. It is expected that the domestic ethanol market will be mainly sorted out in the short term. At present, the ethanol market in East China is about 7175 yuan / ton.
Ethyl acetate analysts of business news agency believe that the current domestic ethyl acetate Market trading is poor, and enterprises are bidding for sales. Due to the strong price of raw materials, some enterprises have been in a state of loss. In order to prevent excessive pressure on the future market, it is expected that ethyl acetate enterprises will still make profits in a short period of time.
| PVA |