This week (9.23-9.27), the domestic price of ethyl acetate continued to rise. According to the Commodity Market Analysis System of Shengyi Society, as of the 27th, the price of ethyl acetate was 6066.67 yuan/ton, an increase of 0.66% compared to the beginning of the week price of 6026.67 yuan/ton. Due to the favorable support of downstream demand and the positive attitude of suppliers, the price of ethyl acetate has slightly increased.
Market analysis: This week, the ethyl acetate market is trending towards strong consolidation. On the raw material side, the price of acetic acid remains stable and the cost support is still acceptable; On the demand side, downstream companies are actively stocking up before the holiday, and enterprise factory shipments are improving. Market quotations are rising, while the supply of ethyl acetate in the market is tight. Upstream companies are observing steadily, and the market mentality is strong. The market for ethyl acetate has risen during the week.
In the future, the upstream acetic acid market for ethyl acetate will remain stable, with little impact on costs, and the ethyl acetate market will adopt a wait-and-see attitude; On the supply side, the utilization rate of ethyl acetate production capacity is not high, and there is currently no inventory pressure affecting it; The short-term demand support from downstream is good, and the market sentiment is optimistic. It is expected that the price of ethyl acetate will continue to be strong and consolidate before the holiday. Specific attention should be paid to changes in the upstream market and downstream follow-up.
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