According to the Commodity Market Analysis System of Shengyi Society, as of the 28th, the price of ethyl acetate was 5376.67 yuan/ton, an increase of 40 yuan/ton or 0.75% compared to the price of 5336.67 yuan/ton on November 21st. The production and operation of ethyl acetate are stable, downstream demand has increased, and the upstream market is relatively strong. The support from the raw material side is favorable, and the ethyl acetate market is relatively strong and has been raised.
This week, the utilization rate of domestic ethyl acetate production capacity has increased compared to last week, and the market inventory is sufficient. Downstream purchases are made according to demand, and the enthusiasm for entering the market is still acceptable. The price of acetic acid on the raw material side continues to rise, and the atmosphere in the market is bullish. Driven by costs, some ethyl acetate manufacturers have increased their quotes, but the weak market demand situation has not improved, and the overall increase in ethyl acetate is limited.
In the future, there will be little change in the production of ethyl acetate, and the supply will steadily increase. Although the upstream market trend has supported the mentality of ethyl acetate, the downstream demand is limited, and market trading needs to follow up. It is expected that the price of ethyl acetate will remain stable and wait and see in the short term. Specific attention will be paid to the raw material market and downstream follow-up situation in the future.
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