Narrow Increase in Ethyl Acetate Market This Week (9.22-9.28)

September 29, News

According to the commodity market analysis system, as of the 28th, the price of ethyl acetate stood at 5,390.00 CNY/ton, representing a 0.50% increase compared to the price of 5,363.33 CNY/ton on September 22nd. Meanwhile, acetic acid prices remained relatively strong, supported by favorable raw material market conditions. However, rising operating rates on the supply side have helped curb the slight upward movement in ethyl acetate prices.

This week, China's ethyl acetate capacity utilization rate increased, and the market inventory volume rose. The pre-holiday stocking demand from downstream was average, with a small amount of transactions mainly based on demand. The price of raw material acetic acid continued to rise, providing good support for the market sentiment of ethyl acetate. During the week, the price of ethyl acetate saw a slight increase.

Looking ahead, the current market for ethyl acetate shows relatively high inventory levels, with companies maintaining active shipment strategies. However, downstream buyers remain cautious ahead of the holiday season, resulting in subdued restocking activity. Market transactions are driven primarily by immediate demand, while support from raw material prices remains limited. As a result, ethyl acetate prices are expected to fluctuate within a stable range in the near term. Key factors to watch include developments in raw material costs and how downstream sectors respond moving forward.