In mid to late June, the domestic price of ethyl acetate first rose and then fell. According to the Commodity Market Analysis System of Business Society, as of the 27th, the price of ethyl acetate remained at 6250 yuan/ton, with a price increase of 0.16% during the cycle compared to the price on June 11th. The main reason is weak upstream prices and limited cost support, and the ethyl acetate market is observing and consolidating.
Market analysis: The ethyl acetate market was consolidating in mid to late June. On the supply side, the utilization rate of ethyl acetate production capacity continues to be at a medium to low level, with no pressure on supplier inventory and manufacturers shipping on demand, so there is currently no production and sales pressure; On the raw material side, the price of acetic acid first rises and then falls, with limited cost support. The upstream market is transmitted to the terminal market, affecting downstream purchasing. The entry into the market requires immediate follow-up. Under the supply and demand game, the price of ethyl acetate in the cycle is affected by the raw material market, which first rises and then falls.
Looking at the future market, the upstream acetic acid price of ethyl acetate continues to decline, and the cost side is affected by bearish factors. The production and sales of ethyl acetate suppliers are relatively balanced, and downstream suppliers follow up on demand. Due to the influence of raw materials, the on-site mentality is unstable. It is expected that the ethyl acetate market will observe and consolidate in the short term, and specific attention will be paid to the price execution of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6100-6350 yuan/ton.
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