This month, the domestic ethyl acetate Market rose first and then fell, and the price fell overall this month. But the range is not large. According to the monitoring of business society, the decline is 1.04%. In the first half of the month, the price of upstream acetic acid continued to rise, with obvious cost support. In addition, due to the equipment maintenance of main enterprises and the reduction of local supply, the contradiction of excess supply in the early stage of the market was greatly alleviated, and the bidding of large manufacturers was heated up, supporting the slight rise in the price of ethyl acetate. In the second half of the month, due to the lower price of raw acetic acid and the lack of follow-up demand, the delivery of ethyl acetate was passive and the price continued to fall. The price at the end of the month is in the range of 9150-9550 yuan / ton.

First of all, in terms of the upstream acetic acid market, the acetic acid price continued to rise in the first half of the month, mainly due to the tightening of supply, the extension and load reduction in Shaanxi, the shutdown and maintenance of Jiangsu Thorpe, the gradual easing of the industry inventory pressure, and the upward shift of the focus of acetic acid trading. The price of acetic acid began to decline in the middle and late part of the year. Although the Jiangsu Thorpe plant was shut down, there was a large amount of inventory accumulated in the early stage, the market entered the de inventory cycle, and some downstream entered the off-season in winter. The purchase of raw materials was mainly rational, and most of the contracts and Inventory were digested.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that in late November, the curve crossed, the decline of ethyl acetate was slower than that of upstream acetic acid, and the manufacturer’s profit continued to improve.

In addition, from the perspective of the supply side of ethyl acetate, first of all, on the supply side, ethyl acetate also experienced a process from supply shortage to easing. At first, the market was affected by the maintenance of main manufacturers in Shandong and the load reduction of some enterprises, resulting in little market inventory pressure. The wind direction changed in the second half of the month. On the one hand, the operating efficiency of the main factories was improved, and affected by the regional environmental protection policies and the poor transportation of the Winter Olympic Games, the delivery speed of manufacturers was affected to a certain extent, and the prices fell again and again.

On the demand side, in the whole month, the overall market demand remained stable, the demand growth was relatively weak, and the market ups and downs mostly came from the impact of cost and supply side. Especially after entering the middle and late November, terminal enterprises are in the off-season of production, new orders are limited, and downstream procurement slows down gradually. Bring bad news to ethyl acetate.

In the future, ethyl acetate analysts of business society believe that it is difficult to improve the recent cost acetic acid market, especially affected by the off-season demand, and the short-term short-term pattern of supply and demand remains unchanged. It is expected that the price of ethyl acetate is still easy to fall and difficult to rise.