This Week’s Ethyl Acetate Market Continues to Decline

April 27 News

According to Spotcom, as of the 27th, the price of ethyl acetate was 6,516.67 CNY/ton, a decrease of 400 CNY/ton compared to the price of 6,916.67 CNY/ton on April 20th, a price decrease of 5.78%. The price of raw materials for ethyl acetate continues to fall, with ongoing negative cost pressures. The market sentiment for ethyl acetate is weak, and the price trend continues to decline.

Upstream acetic acid prices have continued to decline, negatively impacting the ethyl acetate market. Companies are pessimistic, and their quotations are following the market downward. Downstream demand for ethyl acetate is limited to essential purchases, with actual transactions being few, leading to insufficient demand support. On the supply side, the facility utilization rate of ethyl acetate has been fluctuating slightly, with a stable supply of goods. Before the holiday, companies are actively shipping out products, but the overall market fundamentals are weak, causing ethyl acetate prices to trend downward.

Looking ahead, the supply of ethyl acetate is sufficient, and companies are mainly maintaining shipments. The price of raw material acetic acid is weak, leading to insufficient cost support. Downstream demand is following a need-based approach, and the market trading atmosphere is poor. It is expected that the ethyl acetate market will continue to operate in a weak consolidation before the holiday. Future developments should closely monitor the raw material market and downstream demand.