Ethyl Acetate Market Trends Remain Stable

February 13 news

According to the commodity market analysis system, as of the 13th, the price of ethyl acetate was 5320 CNY/ton, unchanged from 5320 CNY/ton on February 6th, and down 0.13% compared to the beginning of the month. Ethyl acetate producers are actively shipping goods, but downstream demand is moderate, and market sentiment is weak, with the ethyl acetate market operating steadily.

This week, the operating rate of ethyl acetate in China decreased, and the inventory volume in the market was adjusted downward. Pre-holiday stockpiling by downstream buyers was average, with only rigid demand purchases entering the market, providing insufficient support for ethyl acetate. The price of raw material acetic acid increased slightly, but the upstream support was limited. The market trading atmosphere remained weak, and the overall operation of ethyl acetate was in a wait-and-see mode.

Looking ahead, the ethyl acetate plants in China are operating stably, with companies mainly adopting a wait-and-see attitude. The downstream demand is weak, and the market transactions are average. The upstream market conditions have limited support for the ethyl acetate market, and there is a lack of positive support within the market. It is expected that the price of ethyl acetate will remain stable and be in a wait-and-see mode in the short term. The future market will specifically focus on the raw material market and the follow-up situation of the downstream.