According to the Commodity Market Analysis System of Shengyi Society, as of the 30th, the price of ethyl acetate was 5456.67 yuan/ton, an increase of 0.43% compared to the price of 5433.33 yuan/ton on May 25th, and a decrease of 1.09% compared to the beginning of the month. The upstream market is experiencing strong fluctuations, while the downstream is following up on demand. Market transactions are still acceptable, and ethyl acetate companies are actively shipping, with a strong upward trend in price focus.
This week, the utilization rate of domestic ethyl acetate production capacity has decreased, and the market supply pressure has weakened. At the beginning of the week, raw materials rose and the supplier’s mentality was optimistic. Ethyl acetate enterprises followed suit and increased their prices. Downstream demand mainly entered the market according to demand, and there were many low-priced inquiries in the market. Some enterprises had smooth transactions, and the price of ethyl acetate remained firm. The partial price reduction of upstream acetic acid in the later part of the week has a negative impact on the market of ethyl acetate.
Looking at the future market, the ethyl acetate market is running steadily, with manufacturers having a strong mentality and downstream following up on demand. Enterprise sales are still acceptable, but the decline in raw material prices has weakened market support. It is expected that the price of ethyl acetate may be slightly lower in the later stage, and specific attention should be paid to changes in supplier equipment and downstream follow-up.
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