Price trend
According to the Commodity Market Analysis System of SunSirs, as of the 28th, the price of ethyl acetate was 5,593.33 RMB/ton, a decrease of 0.47% compared to the price of 5,620.00 RMB/ton on March 22nd, and a decrease of 0.36% compared to the beginning of the month. The utilization rate of production capacity on the supply side has declined, the raw material market was weak, downstream follow-up was average, and there was insufficient positive news on the market. The market for ethyl acetate has stabilized and declined.
Analysis review
This week, the operating rate of domestic ethyl acetate plants has declined, and there was not much pressure on market supply. The price of acetic acid on the raw material side was weak, and the cost support was insufficient. In terms of demand, downstream demand for ethyl acetate mainly followed up on demand. The market trading atmosphere was weak, and actual transactions on the market were limited. The focus of ethyl acetate negotiations has been slightly lowered.
Market outlook
The ethyl acetate plant was operating stably with little fluctuation in the future. The enterprise had a positive attitude towards shipment, and the upstream market was weak. Downstream market entry was mainly based on demand, and the overall market support ws insufficient. It is expected that the price of ethyl acetate will remain stable and weaker in the short term. Specific attention should be paid to changes in the supplier's plant and downstream follow-up.
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