July 31st, news
According to Spotcom, as of the 31st, the price of ethyl acetate was 5860 CNY/ton, unchanged from the price of 5860 CNY/ton on July 24th, and up 4.02% from the beginning of the month. The operating rate of ethyl acetate has not changed much. Downstream buyers are purchasing according to their needs, and the market atmosphere is stagnant, with ethyl acetate prices remaining stable.
On the supply side, the acetic ester maintenance facilities have not yet resumed operations, and the operating rate remains low, with companies maintaining prices. In terms of demand, the terminal market transactions are mediocre, and downstream purchases are following according to need, providing limited support on the demand side. The price of the raw material, acetic acid, is stable, with general cost support. The downstream and cost markets lack sufficient impetus to push up the price of ethyl acetate. Under the balance of supply and demand, the acetic ester market is in a state of stable observation.
Looking ahead, the current market sentiment for ethyl acetate in China is cautious, with most players maintaining stable prices and observing the market. The traditional off-season for downstream sectors has led to moderate demand. In the short term, the ethyl acetate market is expected to remain stable. However, as maintenance facilities resume operations later, supply is expected to increase, leading to a weaker market sentiment. It is anticipated that the price of ethyl acetate may decrease. Future developments will depend on the raw material market and the follow-up situation of downstream sectors.
