In June, the market for ethyl acetate was weak and volatile, with price trends fluctuating and decreasing. According to the Commodity Market Analysis System of Business Society, as of June 30th, the average production price of ethyl acetate was 6250 yuan/ton, a decrease of 0.64% compared to the price of 6290 yuan/ton at the beginning of the month. Due to limited cost support and insufficient downstream demand, the price of ethyl acetate has fallen.
Market analysis: This month, the market price of ethyl acetate has decreased, with the main upstream acetic acid market rising first and then falling. Insufficient support for raw materials has led to a weak decline in the price of ethyl acetate; In the second half of the month, the upstream market is weak and the cost side is bearish. The upstream market is transmitted to the terminal market, affecting downstream purchasing. Downstream acceptance of high priced ethyl acetate is average, and market trading is limited. Under the supply-demand game, the price of ethyl acetate follows suit.
According to the analysis system of the acetic acid market of Shengyishe, as of June 30th, the price was 3080 yuan/ton, which is a 2.22% decrease compared to the beginning of the month’s acetic acid price of 3150 yuan/ton. The price of acetic acid on the raw material side first rose and then fell, with limited cost support. The acetic acid market continued to spread to the terminal, affecting the downstream trend of ethyl ester.
In the future, the upstream acetic acid price of ethyl acetate is weak and stable, with insufficient cost support. The main factories have poor shipments, and the supply has accumulated. The downstream side follows up as needed, and the market is bearish. It is expected that the ethyl acetate market will continue to decline in the future. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers.
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