This week's ethyl acetate market in China has slightly decreased

November 17th, according to reports

According to the commodity market analysis system, as of the 16th, the price of ethyl acetate was 5,340.00 CNY/ton, a decrease of 33.33 CNY/ton compared to the price of 5,373.33 CNY/ton on November 10th, with a price decrease of 0.62%. The operating rate of ethyl acetate production in China is high, and downstream purchasing follows the rigid demand, but the market trading is light, leading to a slight downward adjustment in the ethyl acetate market.

This week, the capacity utilization rate of ethyl acetate in China decreased compared to last week, but overall operations remained relatively high. The market inventory is sufficient, and downstream demand is moderate, with low enthusiasm for entering the market. Market transactions are weak, and the price of acetic acid, a raw material, has increased, leading to greater cost pressure. Ethyl acetate manufacturers are more willing to sell, but supply-demand contradictions still exist in the market. Downstream buyers are cautious, and the transaction focus of ethyl acetate has shifted downward.

Looking ahead, the capacity utilization rate of ethyl acetate in China has decreased, and the supply pressure has somewhat eased. Although downstream demand is insufficient and companies are facing shipping restrictions, the continuous rise in upstream acetic acid prices may boost market sentiment for ethyl acetate. It is expected that the price of ethyl acetate will remain strong in the short term. The future market will depend on the raw material prices and the downstream demand situation.