According to the Commodity Market Analysis System of Shengyi Society, as of the 22nd, the price of ethyl acetate was 5426.67 yuan/ton, a decrease of 0.31% compared to the price of 5443.33 yuan/ton on July 15th, and a decrease of 0.43% from the beginning of the month. The supplier’s supply is stable, downstream demand is average, and the raw material market is mainly weak. The quotation for ethyl acetate continues to decline.
The operation of domestic ethyl acetate plants is stable, the market capacity utilization rate is not high, the inventory pressure of enterprises is not high, and downstream market entry is mostly followed up according to demand. The on-site trading is limited, and the raw material acetic acid market is mainly weak. Prices in some areas continue to decline, and the cost support is insufficient. The market mentality of ethyl acetate is not good, and the focus of ethyl acetate transactions is weak.
In the future, the utilization rate of ethyl acetate production capacity remains at a median level, with enterprises mainly shipping on demand. Downstream consumption is slow, and support for ethyl acetate is average. The raw material market is weak, and the sentiment of the industry is not good. It is expected that the price of ethyl acetate will continue to consolidate weakly in the later stage. Specific attention will be paid to changes in supplier equipment and downstream follow-up.
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