October Ethyl Acetate Price Trends: Rising First, Then Falling

November 3rd, according to reports

According to the commodity market analysis system, as of October 31, the average production price of ethyl acetate in China was 5,436.67 CNY/ton, an increase of 46.67 CNY/ton compared to the beginning of the month at 5,390.00 CNY/ton, with an overall price increase of 0.87%. The raw material market is weak, with insufficient cost support. Downstream buyers are purchasing according to demand, and the supply side has limited benefits, leading to fluctuating prices for ethyl acetate.

Market Analysis: This month, the overall market trend for ethyl acetate in China first increased and then decreased. In the first half of the month, the price of ethyl acetate rose, mainly due to frequent fluctuations in production facilities, leading to a tightening of market supply. Market participants were keen on raising prices, resulting in a strong upward adjustment in the ethyl acetate market. In the second half of the month, some maintenance facilities resumed operations, weakening the positive factors. At the same time, the continuous decline in the price of acetic acid, the raw material, negatively impacted costs, leading to a downward adjustment in the ethyl acetate market.

According to the commodity market analysis system, as of October 31, the price of acetic acid was 2420.00 CNY/ton, a decrease of 8.33% compared to 2640.00 CNY/ton at the beginning of the month. During the month, the price trend of acetic acid was weak and declining, with low purchasing enthusiasm from downstream buyers. The supply side saw an accumulation of acetic acid inventory, leading to a weaker market sentiment, which had a negative impact on the ethyl acetate market.

Looking ahead, the current production of ethyl acetate in China is sufficient, and companies are facing significant pressure to sell. Downstream buyers are cautious in their purchases, with limited demand support. The market for raw material acetic acid is weak, and cost support is soft. There is a lack of positive factors in the market. It is expected that the market for ethyl acetate will remain weak next month. Specific attention should be paid to changes in supplier facilities and the follow-up situation of downstream buyers.