This week's ethyl acetate market fluctuates in China

August 29 update

According to the commodity market analysis system, as of the 29th, the price of ethyl acetate was 5380.00 CNY/ton, a decrease of 0.12% compared to the price of 5386.67 CNY/ton on August 25th, and a decrease of 1.22% compared to the beginning of the month. The capacity utilization rate of suppliers in China has decreased, and the market sentiment is bullish, but downstream demand is insufficient. Ethyl acetate lacks the momentum to rise, and the market trend is downward.

The capacity utilization rate of ethyl acetate in China has fallen, with a decrease in market inventory increases. Enterprises have a bullish outlook, and at the same time, the prices of raw materials are relatively strong, providing favorable cost support, leading to an upward adjustment in ethyl acetate prices. On the demand side, downstream activity is not high, and there is resistance to high prices. The market for ethyl acetate has limited sales, and the sentiment of enterprises has weakened, resulting in a downward adjustment in the transaction center of ethyl acetate prices.

Looking ahead, the capacity utilization rate of the ethyl acetate market in China is not high, and the inventory pressure on enterprises is manageable. With rising raw material prices, ethyl acetate prices may increase due to cost pressure. However, the downstream inventory consumption is slow, and the market fundamentals are weak. There is a supply-demand tug-of-war within the market, and it is expected that the ethyl acetate market will remain weak and fluctuate. Specific attention should be paid to changes in supplier facilities and the follow-up situation of downstream users.