This week, the market for ethyl acetate is relatively weak

This week (10.21-10.25), the domestic price of ethyl acetate first stabilized and then fell. According to the Commodity Market Analysis System of Shengyi Society, as of the 25th, the price of ethyl acetate was 6023.33 yuan/ton, a decrease of 0.44% compared to the beginning of the week price of 6050.00 yuan/ton. Due to weak downstream demand and insufficient raw material support, the ethyl acetate market is consolidating weakly.

This week, the market for ethyl acetate is running weakly. During the week, downstream demand and purchasing sentiment were sluggish, and manufacturers’ shipments were hindered. The bidding price for ethyl acetate from the main factory in Shandong was lowered, while raw material prices continued to fall. The negative impact on costs was transmitted to the end market, and downstream follow-up continued to be weak. Limited orders were placed on site, and manufacturers had a bearish attitude, resulting in a weak downward trend in the ethyl acetate market.

Looking at the future market, the upstream market for ethyl acetate is weak, with a negative impact on costs; On the supply side, next week, Shandong’s power assisted equipment will increase its load, and the utilization rate of ethyl acetate production capacity will improve. The supplier’s news is bearish; In terms of demand, downstream demand follows up, market orders are limited, and there is a lack of favorable market conditions. It is expected that the short-term price of ethyl acetate will continue to be weak, and specific attention will be paid to changes in upstream market conditions and downstream follow-up.