This week (6.28-7.2) the domestic price of ethyl acetate fell. After the first two weeks of June, the price of ethyl acetate rose and hovered at a high level in the second half of the month, it is now in a downward trend. According to the monitoring of business news agency, this week’s rise and fall rate was 0.27%, and the prices of some domestic manufacturers were lower. At present, the prices are in the range of 9200-9500 yuan / ton.
First of all, in terms of the upstream acetic acid market, the price of acetic acid fell sharply this week. According to the monitoring of the business agency, since late June, the price of acetic acid has been falling continuously. Since June 20, the cumulative decline has been 9.08%, and this week’s decline has also exceeded 5%. On the one hand, in the early stage, high market prices gradually accumulated resistance psychology, superimposed with high social inventory, traders competing to reduce prices and ship goods, superimposed with export obstacles and other factors, resulting in the market price falling again and again.
In addition, from the perspective of ethyl acetate supply, part of the maintenance units have resumed operation in the early stage. At present, the supply of goods in the market is relatively sufficient, and the manufacturers are under great pressure to maintain the price, and there are gradually downward adjustments. In addition, the recent transport constraints, poor shipping and other factors, the new single trading low hover.
From the perspective of ethyl acetate demand side, the terminal demand entered the traditional off-season, and the market demand continued to be weak. After a previous round of price increase, the current price is still relatively high. The lower reaches are rational and somewhat resistant to the high price of ethyl acetate, and the trading volume is affected to some extent, making the market more vulnerable.
In the future, ethyl acetate analysts from business clubs believe that with the continuous decline of acetic acid price, the cost pressure of ethyl acetate has been greatly alleviated, but the supply and demand side is still loose, and the demand is mainly insufficient. It is expected that in the later stage, both in terms of cost and supply and demand side, ethyl acetate will have downward pressure.
| PVA |