Downstream Demand Steady, Ethyl Acetate Market Weakly Consolidating

October 28th, News

According to the commodity market analysis system, as of the 28th, the price of ethyl acetate in China was 5,473.33 CNY/ton, a decrease of 26.67 CNY/ton compared to the price of 5,500.00 CNY/ton on October 21st, a price decrease of 0.48%. The operating rate of ethyl acetate plants has increased, but downstream purchasing has been limited. The prices of raw materials have fallen, leading to a weak downward trend in the ethyl acetate market.

Recently, some maintenance facilities for ethyl acetate in China have resumed operations, increasing the capacity utilization rate and market inventory volume. The intention of companies to ship goods is more evident, while the price of acetic acid, the raw material, continues to fall, resulting in weak cost support. This has a negative impact on the market sentiment for ethyl acetate. At the same time, downstream buyers are cautious in their purchases, with demand being average. Ethyl acetate producers are in a weaker position, and negotiation focuses have shifted downward.

Looking ahead, the downstream consumption of ethyl acetate is slow, with limited actual market transactions. The pressure on inventory sales for enterprises may increase. The upstream acetic acid market is weak, and cost support is insufficient. It is expected that the price of ethyl acetate will continue to be weak in the short term. Future developments should focus on plant fluctuations and downstream follow-up.