According to the Commodity Market Analysis System of Shengyi Society, the ex factory price of ethyl acetate in China was 5550.00 yuan/ton on April 23, unchanged from yesterday’s price. The cost support is average, downstream follow-up is needed, the trading atmosphere on the market is still acceptable, and the price of ethyl acetate is running steadily.
Market analysis: Recently, the ethyl acetate market has been weak and stable. On the raw material side, the price of acetic acid has decreased, and the cost support is insufficient; On the demand side, downstream consumption of inventory is the main focus, with a small amount of procurement for essential needs being the main factor. Enterprises ship according to demand, and market trading enthusiasm is not high. The focus of ethyl acetate transactions is running steadily.
In the future, the trend of ethyl acetate raw materials is weak, with a negative impact on costs. On the supply side, the utilization rate of ethyl acetate production capacity has not changed much, and downstream demand is not following up well. It is expected that the price of ethyl acetate will be weak in the short term. Please pay attention to the changes in upstream market conditions and downstream follow-up situation.