Ethyl Acetate Prices Continue to Decline

May 25th, according to news,

According to SpotCom, as of the 24th, the price of ethyl acetate was 6,066.67 CNY/ton, a decrease of 183.33 CNY/ton compared to the price of 6,250 CNY/ton on May 18th, a price decrease of 2.93%. The supply of ethyl acetate in China is sufficient, with weak trading in the market, and industry players have a bearish sentiment, leading to a downward trend in the price of ethyl acetate.

Upstream acetic acid prices remain at low levels, and cost support is weak, providing limited boost to ethyl acetate market conditions. Downstream demand for ethyl acetate is not enthusiastic, with most buyers opting for procurement based on immediate needs, resulting in insufficient demand support. On the supply side, ethyl acetate production facilities are operating steadily, and companies hold relatively high inventories. However, downstream purchasing activity remains limited, prompting companies to continuously lower the price center of gravity for ethyl acetate in order to facilitate sales.

Looking ahead, the supply of ethyl acetate is sufficient, and companies are showing a clear willingness to ship. The price of raw material acetic acid is stabilizing, but cost support is limited. Downstream demand is mainly based on need, and the market trading atmosphere is poor. There is a lack of positive factors in the market. It is expected that the ethyl acetate market will continue to operate weakly. Future developments should focus on the raw material market and downstream follow-up.