The market for ethyl acetate in September showed a strong upward trend. According to the Commodity Market Analysis System of Shengyi Society, as of September 29th, the average production price of ethyl acetate was 6066.67 yuan/ton, an increase of 50 yuan/ton compared to the beginning of the month price of 6016.67 yuan/ton, with an overall increase of 0.83%. The main reason for the increase in ethyl acetate prices is due to favorable demand support, good market trading direction, and a rising supply mentality.
Market analysis: This month, the market price of ethyl acetate first fell and then rose. In the first half of the year, the price of raw material acetic acid declined, with a negative impact on the cost side. At the same time, downstream demand was insufficient, and the market trading atmosphere was light, resulting in a downward adjustment of ethyl ester prices; In the second half of the year, the demand side supported the market, downstream buyers actively entered the market, replenishment demand improved before and after the holiday, and enterprise shipments were smooth. The price of ethyl acetate continued to rise, but due to the stable upstream market, the price was transmitted to the end market, which to some extent suppressed the increase in ethyl acetate prices.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of September 29th, the price was 3250.00 yuan/ton, a decrease of 2.99% compared to the acetic acid price of 3350.00 yuan/ton at the beginning of the month. The raw material side acetic acid market is weak and consolidating, with insufficient cost support, which has limited boost to ethyl acetate.
Looking at the future market, the price of ethyl acetate is currently stable, and downstream purchasing enthusiasm has weakened. Follow up on demand is the main focus when entering the market. The price of raw material acetic acid remains stable, providing average support for the ethyl acetate market. Pre holiday market trading is gradually returning to a flat state, and it is expected that the ethyl acetate market will operate narrowly 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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