July 31 news
According to Spotcom data, as of July 31, the average production price of ethyl acetate in China was 5860 CNY/ton, an increase of 193.33 CNY/ton compared to the beginning of the month at 5666.67 CNY/ton, with an overall price increase of 3.41%. On the supply side, plant maintenance is ongoing, and downstream buyers are purchasing according to demand. The market transaction atmosphere is good, and the ethyl acetate market is showing a strong upward trend.
Market Analysis: This month, the ethyl acetate market in China has shown strong performance. On the supply side, some companies have been maintaining their equipment, leading to a decrease in the operating rate of ethyl acetate production. Companies have remained optimistic, and the price of ethyl acetate has risen. Although downstream demand is primarily based on necessity, the trading atmosphere in the market is still decent. The robust performance of raw materials, with an increase in the price of acetic acid, has had a more significant positive impact on ethyl acetate, enhancing the overall market sentiment. As a result, the transaction prices of ethyl acetate have moved upward during the month.
According to the SpotCom data, as of July 31, the price of acetic acid was 3,223.33 CNY/ton, an increase of 4.99% compared to 3,070 CNY/ton at the beginning of the month. On the supply side, acetic acid plant maintenance was concentrated, and market sentiment supported a price rise. During the month, the price of acetic acid rose strongly. However, downstream demand was weak, and the price increase of acetic acid was limited later on, reducing its boosting effect on ethyl acetate. By the end of the month, the price of ethyl acetate stabilized.
Looking ahead, as the acetic acid ethyl ester maintenance facilities resume operations, supply is expected to increase, putting greater pressure on companies to clear inventory. However, with the traditional off-season for downstream demand, there is insufficient support, and market sentiment is bearish. It is expected that the acetic acid ethyl ester market in China will operate weakly next month, with prices fluctuating within a narrow range. Specific attention should be paid to changes in supplier facilities and the follow-up situation of downstream demand.
