Insufficient cost support and weak operation of ethyl acetate Market

According to the monitoring of bulk data of business agency, affected by the two-way negative impact of cost and demand, the market of ethyl acetate in East China gradually weakened this week. As of May 29, the average price of ethyl acetate in East China was 5375 yuan / ton, down 1.6% from the same period last week.

From the perspective of production cost, the decline of acetic acid price eased the production pressure of enterprises to a certain extent, but the price of ethyl acetate also declined. At the beginning of the week, jinyimeng plant in Shandong Province shut down, mainly consuming inventory, and the decline of supply side slowed down the downward trend of the price of ethyl acetate to a certain extent; the terminal market just needed to purchase, large orders were rarely traded, small single negotiations, and the market was bearish Sentiment spread, production enterprises more profit shipping.

In terms of raw materials, the weak market of acetic acid declined, the supply of the industry was expected to improve significantly, the downstream market was not smooth in receiving goods, and the two-way negative supply and demand led to the continuous decline of acetic acid price; the ethanol market was stable and strong, with fewer enterprises in stock, higher corn prices, higher production costs, more goods and less sales, which had a certain positive support for ethyl acetate.

International: affected by the international epidemic, the supply and demand of international ethyl acetate are weak, and the regional price difference is large, among which the European port is about 1000 US dollars / ton, and the North American market port price is about 615 US dollars / ton.

According to the ethyl acetate analyst of business association, the weak market of domestic ethyl acetate is hard to change in the short term, the upstream and downstream support is insufficient, the industry starts not high, but the market turnover is less, the enterprise sales pressure and inventory pressure are obvious, and it is expected that the operation will be weak in the short term.