The market price of ethyl acetate fluctuated within a range in July. According to the Commodity Market Analysis System of Shengyi Society, as of July 31, the average production price of ethyl acetate was 6210.00 yuan/ton, an increase of 0.64% compared to the beginning of the month price of 6206.67 yuan/ton. The main reason for the limited positive impact on the cost side, downstream follow-up as needed, cautious mentality in the market, and narrow fluctuations in the price of ethyl acetate.

Market analysis: This month, the overall price of ethyl acetate in the market has not changed much, but narrow fluctuations have been the main trend during the month. The stable decline in prices in the first half of the year was mainly due to the weak raw material market and negative cost factors, resulting in a decrease in the price of ethyl acetate; In the second half of the year, the price of ethyl acetate first rose and then fell. In the early stage, the price of acetic acid continued to rise, supported by favorable raw materials. In addition, the main factory in Shandong underwent equipment maintenance, resulting in a reduction in market supply. The market sentiment was optimistic, and the price of ethyl acetate continued to rise. Later, as the equipment resumed its early load, the price of acetic acid showed signs of decline, and the market sentiment was bearish, leading to a downward trend in the price of ethyl acetate.

According to the Business Society Acetic Acid Commodity Market Analysis System, as of July 31st, the price was 3325 yuan/ton, an overall increase of 7.95% compared to the acetic acid price of 3080 yuan/ton at the beginning of the month. The price of acetic acid on the raw material side has fluctuated and risen, with cost fluctuations being the main factor. The acetic acid market continues to transmit to the terminal, affecting the downstream ethyl ester trend to fluctuate and operate.

Looking at the future, the upstream price of ethyl acetate has rebounded and risen, with a positive impact on the cost side. The main factories for ethyl acetate have stable shipments, and the mentality of the industry is good. Downstream demand is the main factor, and market trading is still acceptable. It is expected that the ethyl acetate market will strengthen and consolidate in the future. It is recommended to pay attention to the price execution of raw materials such as acetic acid and ethyl acetate manufacturers.