According to the Commodity Market Analysis System of Shengyi Society, as of September 30th, the average production price of ethyl acetate was 5390.00 yuan/ton, an increase of 26.67 yuan/ton compared to the beginning of the month price of 5363.33 yuan/ton, with an overall increase of 0.50%. The raw material market is relatively strong, with good cost support, but downstream demand is poor, supply side inventory pressure is high, market mentality is playing games, and the price of ethyl acetate is fluctuating and consolidating.
Market analysis: This month, the ethyl acetate market has been fluctuating. At the beginning of the month, the price of raw materials increased, and the cost led to an increase in the price of ethyl acetate; The subsequent demand side performance is weak, downstream procurement follows up on demand, enterprise inventory accumulates, and the price of ethyl acetate is weakly lowered; In the second half of the month, with the continuous strengthening of raw material prices and an increase in pre holiday inquiries, the quotation of ethyl acetate manufacturers followed the rise of raw materials. However, due to the lack of improvement in demand, the overall price increase during the month was limited.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of September 30th, the price was 2640.00 yuan/ton, an increase of 8.64% compared to the acetic acid price of 2430.00 yuan/ton at the beginning of the month. The price trend of acetic acid continues to rise, with strong upward momentum for ethyl acetate. Downstream buyers actively entered the market before and after the holiday, and the supply side acetic acid inventory continued to decline. The market mentality is strong, and the price of acetic acid has risen strongly.
Looking at the future, the utilization rate of ethyl acetate production capacity has increased recently, leading to significant inventory pressure on the supply side. Downstream pre holiday purchasing sentiment is average, and market transactions are limited. The strong supply and weak demand situation in the market continues, but the support for raw material prices is strong. At the same time, downstream replenishment expectations will improve after the holiday. It is expected that the ethyl acetate market will rise slightly in October, and specific attention will be paid to changes in supplier equipment and downstream follow-up.
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