According to the Commodity Market Analysis System of Shengyi Society, as of April 29th, the average production price of ethyl acetate was 5516.67 yuan/ton, a decrease of 60 yuan/ton compared to the beginning of the month price of 5576.67 yuan/ton, with an overall decline of 1.08%. The main reason for the continuous decline in ethyl acetate prices is due to weak downstream demand, poor shipments from enterprises, and a decrease in raw material prices, resulting in a negative cost outlook.
Market analysis: This month, the ethyl acetate market has experienced a weak downward trend. In the first ten days, the price of ethyl acetate first fell and then rose, mainly due to the increase in the price of raw material acetic acid, which boosted the cost and led to a slight increase in the price of ethyl acetate; In the second half of the year, the price of ethyl acetate continued to decline, with weak upstream market conditions, weakened cost support, slow consumption of inventory on the demand side, poor enthusiasm for entering the market, and bearish sentiment among industry players. As a result, the price of ethyl acetate continued to decline.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of April 29th, the price was 2700 yuan/ton, a decrease of 3.91% compared to the acetic acid price of 2810 yuan/ton at the beginning of the month. The price of acetic acid has decreased, the cost support for ethyl acetate has weakened, the profit of ethyl acetate has decreased, the shipping pressure has increased, and the market transaction focus has been lowered.
Looking at the future, the ethyl acetate market continues to be weak, with downstream companies adopting a wait-and-see attitude and insufficient demand support. Supply side enterprises have increased their inventory, resulting in increased sales pressure and a lack of favorable market conditions. It is expected that the price of ethyl acetate will remain weak in the future, with specific attention paid to changes in supplier equipment and downstream follow-up.