According to the Commodity Market Analysis System of Shengyi Society, as of June 30th, the average production price of ethyl acetate was 5450.00 yuan/ton, a decrease of 6.67 yuan/ton compared to the beginning of the month price of 5456.67 yuan/ton, with an overall decline of 0.12%. The main reason for the weak downstream demand, average shipments from enterprises, and weak raw material support, coupled with a lack of market benefits, is the weak price of ethyl acetate.
Market analysis: This month, the ethyl acetate market has been fluctuating. At the beginning of the month, the price of ethyl acetate showed a weak downward trend, with raw material prices falling and the cost side being bearish, resulting in a downward pressure on ethyl acetate; Afterwards, there was an increase in downstream follow-up, and the company’s shipments were smooth. In addition, the profit of ethyl acetate increased, and the market transaction focus shifted towards a strong upward trend; At the end of the month, the upstream market fell again, leading to a bearish sentiment in the ethyl acetate market. Downstream inquiries weakened, and the price of ethyl acetate continued to decline.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of June 30th, the price was 2520 yuan/ton, a decrease of 6.67% compared to the acetic acid price of 2700 yuan/ton at the beginning of the month. The price of acetic acid continues to decline, and the cost support for ethyl acetate is weak. Downstream supply consumption is average, and acetic acid companies have limited shipments, resulting in a downward shift in market transaction focus.
Looking at the future market, the ethyl acetate market is currently running weakly, with downstream companies adopting a wait-and-see attitude and low enthusiasm for entering the market. Actual market transactions are weak, and enterprise inventory is accumulating, resulting in significant sales pressure. It is expected that the price of ethyl acetate will run weakly in the future, with specific attention paid to changes in supplier equipment and downstream follow-up.
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