According to the Commodity Market Analysis System of Shengyi Society, as of the 25th, the price of ethyl acetate was 5433.33 yuan/ton, a decrease of 0.24% compared to the price of 5446.67 yuan/ton on May 19th, and a decrease of 1.51% compared to the beginning of the month. On the demand side, low purchasing is sought after, resulting in low market transactions and sluggish shipments of ethyl acetate enterprises. As a result, raw material prices have risen, leading to increased pressure on the cost of ethyl acetate.
This week, the domestic ethyl acetate plant has started production steadily, and the inventory pressure of enterprises is not significant. The supply side news is quiet, and enterprises are actively shipping. Downstream demand performance is poor, with many low-priced inquiries in the market and insufficient new order transactions. There is a supply-demand game in the market, and prices were weakly lowered at the beginning of the week. Upstream acetic acid prices rose, supporting the stable operation of ethyl acetate prices.
In the future, the ethyl acetate market is expected to operate weakly, with many manufacturers adopting a wait-and-see attitude. Downstream demand is weak, and sales pressure on enterprises is high. The continuous increase in raw material prices provides some support for the market. It is expected that the price of ethyl acetate will consolidate in the short term, and specific attention will be paid to changes in supplier equipment and downstream follow-up.
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