Price trend
According to the Commodity Market Analysis System of SunSirs, as of March 31st, the average production price of ethyl acetate was 5,576.67 RMB/ton, a narrow decrease from the beginning of the month price of 5,613.33 RMB/ton, with an overall decline of 0.65%. The main reason was that the supplier had sufficient inventory, downstream demand was poor, and the raw material support was limited, resulting in fluctuating prices of ethyl acetate..
Analysis review
This month, the market for ethyl acetate first rose and then fell. In the first half of the month, the price of raw material acetic acid rose, which was favorable for the cost side and boosted the quotation of ethyl acetate enterprises; In the second half of the month, upstream prices fell, cost support weakened, and downstream inventory consumption was slow, resulting in insufficient demand for ethyl acetate. Under the supply-demand game, the price of ethyl acetate fluctuated downward.
According to the SunSirs’ Acetic Acid Commodity Market Analysis System, as of March 31st, the price was 2,810 RMB/ton, an overall increase of 0.36% compared to the acetic acid price of 2,800 RMB/ton at the beginning of the month. The acetic acid market first rose and then fell, with limited cost support for ethyl acetate, resulting in lower profits and increased shipping pressure.
Market outlook
As of March 31st, the price of ethyl acetate was mainly weak, and downstream consumers were adopting a wait-and-see attitude. The demand for entering the market was average, and the utilization rate of ethyl acetate production capacity may improve in the later stage. The expected increase in on-site supply will put greater pressure on enterprise sales. It is expected that the price of ethyl acetate will be adjusted to be weaker in the future. Specific attention will be paid to changes in the supplier's equipment and downstream follow-up situations.
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