Ethyl Acetate Market First Rises Then Falls (September 1-8)

September 9th News

According to the commodity market analysis system, as of the 8th, the price of ethyl acetate was 5373.33 CNY/ton, an increase of 0.19% compared to the price of 5363.33 CNY/ton on September 1st. Supplier facilities are operating smoothly, with raw material price increases providing support. However, downstream demand remains limited, and the overall market is relatively weak, leading to a slight upward trend in the ethyl acetate market.

The capacity utilization rate of ethyl acetate in China has slightly increased, with market inventory also on the rise. Companies are mainly focused on shipping goods. The market for raw material acetic acid is relatively strong, and under the influence of cost, the price of ethyl acetate has followed the trend. Later, as the price of acetic acid stabilized, market support weakened. At the same time, downstream consumption was average, and demand remained weak, leading to a poor sentiment among industry players, and the price of ethyl acetate has been adjusted downward.

Looking ahead, the ethyl acetate plants in China are operating smoothly, with industry players mainly adopting a wait-and-see attitude. The market for raw material acetic acid is relatively strong, while downstream demand is weaker. There is a tug-of-war of information in the market, and the shipping conditions of ethyl acetate companies vary. It is expected that in the short term, the ethyl acetate market will experience fluctuation and consolidation. Attention should be paid to the trend of raw materials and the follow-up situation of downstream demand.