July Ethyl Acetate Prices Show Weak Fluctuations in China

July 31日讯

According to the commodity market analysis system, as of July 30, the average production price of ethyl acetate in China was 5433.33 CNY/ton, a decrease of 16.67 CNY/ton compared to the beginning of the month at 5450.00 CNY/ton, with an overall price decrease of 0.31%. The main reasons are the weak performance of raw material prices, negative cost factors, and limited downstream demand. Enterprises' shipments are slow, and the market sentiment is poor, leading to a weak operation of ethyl acetate prices.

Market Analysis: This month, the market for ethyl acetate in China showed a weak and volatile trend. At the beginning of the month, downstream buyers were more active, and ethyl acetate was selling well, leading to a strong price increase. However, as the prices of raw materials continued to decline, the negative impact on costs led to a weaker market sentiment for ethyl acetate, causing its price to drop. Meanwhile, downstream buyers only purchased according to their needs, resulting in limited market transactions. The upward momentum for ethyl acetate was weak, and the price trend remained weak and stable. By the end of the month, the upstream market showed strength, and market sentiment favored a price increase, leading to a slight rise in the price of ethyl acetate.

According to the acetic acid commodity market analysis system, as of July 30th, the price was 2400.00 CNY/ton, a decrease of 3.61% compared to the beginning of the month when the price was 2490.00 CNY/ton. The trend in acetic acid prices remains weak, with poor support from the cost of ethyl acetate. Downstream consumption is slow, and acetic acid companies' sales are average. The market supply exceeds demand, and the focus of acetic acid transactions continues to decline.

Looking ahead, the current ethyl acetate market in China is slightly rising. The operating rate of the supply side is not high, and the downstream demand is stable. The market sentiment is mainly watchful. The prices of raw materials in the region are mixed, with limited cost support. It is expected that the price of ethyl acetate will stabilize in the future. Specific attention should be paid to changes in the supply facilities and the downstream follow-up situation.