According to Shengyishe Spot News, as of the 22nd, the price of ethyl acetate was 6800 yuan/ton, a decrease of 676.66 yuan/ton or 9.01% compared to the price of 7473.33 yuan/ton on April 11th. The price of ethyl acetate raw materials has fallen, and the cost side is bearish. Industry players are pessimistic about the market sentiment, and the price trend of ethyl acetate continues to decline.
The continuous decline in upstream acetic acid prices has had a negative impact on the ethyl acetate market, driving a downward trend in prices; The downstream of ethyl acetate is cautiously following up, with low enthusiasm for entering the market and insufficient support from the demand side for ethyl acetate; On the supply side, the operating rate of the equipment has increased, the supply of goods has increased, and the intention of enterprises to ship is obvious. The market is bearish, and the ethyl acetate market is weakly declining.
In the future, the cost support for ethyl acetate is average, and it may continue to decline due to negative factors; From a fundamental perspective, the operating rate of the ethyl acetate plant is relatively high, with companies mainly shipping before the holiday. However, downstream demand is poor, and the purchase of ethyl acetate is limited. The market supply and demand are weak, and it is expected that the ethyl acetate market will consolidate and operate weakly in the later stage. Specific attention will be paid to the raw material market and downstream follow-up situation in the future.
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