According to the Commodity Market Analysis System of Shengyi Society, as of the 8th, the price of ethyl acetate was 5373.33 yuan/ton, an increase of 0.19% compared to the price of 5363.33 yuan/ton on September 1st. The supplier’s equipment is running smoothly, with favorable support from rising raw material prices. Downstream demand follow-up is limited, and the market is relatively weak. The ethyl acetate market is experiencing a narrow upward trend.
The utilization rate of domestic ethyl acetate production capacity has slightly increased, market inventory has increased, and enterprises have maintained a focus on shipments. The raw material acetic acid market is relatively strong, and the price of ethyl acetate has been driven up by costs. In the later stage, the price of acetic acid stabilized, and market support weakened. At the same time, downstream consumption was average, demand performance was weak, and the mentality of operators was poor. The price of ethyl acetate has been adjusted downward.
Looking at the future, the ethyl acetate plant is running smoothly, and the industry is mainly adopting a wait-and-see attitude. The raw material acetic acid market is relatively strong, and downstream demand is weak. Market news is playing on the surface, and the shipment situation of ethyl acetate enterprises is inconsistent. It is expected that ethyl acetate will fluctuate and consolidate in the short term, and specific attention will be paid to the trend of raw materials and downstream follow-up.
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