Post-Holiday Acetic Acid Ethyl Ester Market Rises Strongly (10.8-10.14)

October 14, News

According to the commodity market analysis system, as of the 14th, the price of ethyl acetate was at 5,530 CNY/ton, an increase of 140 CNY/ton compared to the price of 5,390 CNY/ton on October 8th, with a price increase of 2.60%. After the holiday, multiple ethyl acetate plants fluctuated, leading to an expected tightening of supply, and there was a strong sentiment among industry players to raise prices. At the same time, the high and firm raw material prices provided support, leading to a strong upward adjustment in the price of ethyl acetate.

After the holiday, the acetate ethyl plants in China have been fluctuating frequently. Jiangsu Sopo, Qianxin Jingmen, and Zhuhai Qianxin in Guangdong have shut down for maintenance, causing a significant drop in the capacity utilization rate. The market sentiment is optimistic, and manufacturers have raised their quotations. On the raw material side, the inventory pressure on manufacturers is not high, and the price of acetic acid remains firm at a high level, providing good cost support for acetate ethyl. In terms of demand, during the holiday, downstream users mainly consumed their inventories, and there is a need to replenish stocks after the holiday. Overall, the market news is predominantly positive, leading to a strong upward trend in the acetate ethyl market post-holiday.

In the short term, the supply of ethyl acetate remains favorable, with companies mainly maintaining firm quotations and the support from raw material prices still in place, it is expected that the market for ethyl acetate will operate at a high level. In the long run, as the price increase of ethyl acetate is significant, downstream sectors may show resistance to high prices, and attention should be paid to the trend of raw materials and the follow-up situation of the downstream market.