This week (7.12-7.19), the domestic price of ethyl acetate first rose and then fell. According to the Commodity Market Analysis System of Shengyi Society, as of the 19th, the price of ethyl acetate was 6250.00 yuan/ton, an increase of 1.08% compared to the price of 6183.33 yuan/ton on July 12th. The main reason for the volatile operation of ethyl acetate market is the rise in upstream prices, the positive impact on cost, and limited downstream demand.
Market analysis: This week, the ethyl acetate market has shown a strong consolidation trend. On the supply side, the utilization rate of ethyl acetate production capacity is low, and there is no pressure on supplier inventory, leading to a wait-and-see attitude among industry players; On the raw material side, the price of acetic acid remained high and strong, with favorable cost support, driving up the price of ethyl ester. However, the mentality of acetic acid weakened in the later stage, and the upstream market was transmitted to the end market, affecting downstream purchasing. Under the supply-demand game, the price of ethyl acetate first rose and then fell during the week.
Looking at the future, there is currently a downward trend in the upstream acetic acid price of ethyl acetate, with weakened cost support and no inventory pressure on ethyl acetate suppliers. However, downstream demand is limited, and the market sentiment is unstable due to the impact of raw materials. It is expected that the ethyl acetate market will remain stagnant and consolidate in the later stage. Specific attention will be paid to the price execution of raw materials such as acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is in the range of 6050-6450 yuan/ton.
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