This week, the ethyl acetate market in China has shown a strong performance

November 28th, according to news,

According to the commodity market analysis system, as of the 28th, the price of ethyl acetate was 5376.67 CNY/ton, an increase of 40 CNY/ton compared to the price of 5336.67 CNY/ton on November 21st, with a price increase of 0.75%. The operation of ethyl acetate production in China is stable, with increased downstream demand, strong upstream market conditions, and favorable support from the raw material end, leading to a strong upward adjustment in the ethyl acetate market.

This week, the capacity utilization rate of ethyl acetate in China increased compared to last week. The market inventory volume is relatively sufficient, and downstream buyers are purchasing according to their needs, with a decent level of market participation. The price of acetic acid, the raw material, continues to rise, leading to a strong bullish sentiment in the market. Driven by the cost increase, some ethyl acetate manufacturers have raised their quotes. However, the overall weak demand situation has not improved, and the overall price increase of ethyl acetate remains limited.

Looking ahead, the production of ethyl acetate is not expected to change significantly, with a steady increase in supply. Although the rising upstream market provides some support for the sentiment regarding ethyl acetate, the downstream demand is limited, and the market transactions are driven by rigid demand. It is expected that the price of ethyl acetate will remain stable in the short term, with a wait-and-see attitude. Future developments will depend on the raw material market and the follow-up situation from downstream.