June 25th, according to reports
According to SpotCom, as of the 25th, the price of ethyl acetate was 5666.67 CNY/ton, a decrease of 100 CNY/ton compared to the price of 5766.67 CNY/ton on June 18th, a price decrease of 1.73%. The supply of ethyl acetate in China has increased, while downstream demand is sluggish. Market sentiment is bearish, and the price of ethyl acetate is showing a weak downward trend.
On the supply side, the previously shut down ethyl acetate production units in China have resumed operations, significantly increasing the operating rate. The market supply is abundant, and the pressure on companies to sell their products has increased. In terms of demand, the transaction volume in the terminal market is mediocre, with downstream buyers mainly purchasing based on rigid demand. The consumption of ethyl acetate is average, and the sentiment among industry players is bearish. The price of upstream acetic acid is relatively strong, providing acceptable cost support, but the overall push on the price of ethyl acetate is limited. The market shows weak demand, and to promote sales, the price of ethyl acetate continues to decline.
Looking ahead, the supply of ethyl acetate in the Chinese market is strong, while downstream demand is weak. Although there is some support from costs, the price rebound is limited due to the supply-demand contradiction within the market. Market demand is the dominant factor, and it is expected that the short-term trend of ethyl acetate will be a weak consolidation. Future developments should focus on the raw material market and the follow-up situation of downstream users.
