This week (10.7-10.12), the domestic price of ethyl acetate first rose and then fell. According to the Commodity Market Analysis System of Shengyi Society, as of the 12th, the price of ethyl acetate was 6063.33 yuan/ton, a decrease of 0.06% compared to the beginning of the week price of 6066.67 yuan/ton. The main reason for the weak consolidation of the ethyl acetate market is limited support from downstream demand, resulting in a decline in raw material prices.
The ethyl acetate market has been fluctuating this week. Returning after the holiday, downstream restocking sentiment is positive, with some manufacturers shipping smoothly. Ethyl acetate prices have risen, but raw material prices have fallen, and the negative impact on cost has led to a weakening of downstream chasing sentiment in the end market. Market trading slowed down in the later part of the week, and manufacturers’ quotes were lowered, resulting in a weak downward trend for ethyl acetate.
In the future, the upstream acetic acid market of ethyl acetate is mainly weak, with insufficient cost support; On the supply side, next week Anhui Huayi plant will increase its load, and the utilization rate of ethyl acetate production capacity will be improved; In terms of demand, downstream replenishment sentiment has weakened, market trading is limited, and there is a lack of favorable market conditions. It is expected that the short-term price of ethyl acetate will weaken and consolidate, and specific attention will be paid to changes in the upstream market and downstream follow-up.
| http://www.thiourea.net |