Recently, the ethyl acetate market in China has been operating strongly for several consecutive days, with companies continuously raising their quotes. This is compounded by the anti-dumping investigation initiated by South Korea on ethyl acetate from China. The current indicators show a fluctuating trend, and considering the price level, it is in a medium to low position over a 1-year cycle, indicating some potential for price increases. It is necessary to closely monitor market transactions and policy developments.
I. Difference Table of Averages
| Average Difference Type | Today’s Value | Yesterday’s Value | Direction of Change |
|---|---|---|---|
| 5-day Average Difference (D5) | 0.00 | 0.00 | Flat |
| 10-day Average Difference (D10) | 0.00 | 0.00 | Flat |
| 20-day Average Difference (D20) | -1.67 | -2.50 | Up |
II. Signal State Determination
The three moving averages show slightly divergent directions, indicating a range-bound market condition. The 20-day moving average narrowed compared to yesterday (with a positive direction of change), while the 5-day and 10-day moving averages remained stable. According to the reference rules, this is classified as an anti-downturn warning (bullish bias).
III. Conclusion on Trend Direction
The current price trend is range-bound (with a bullish bias). Reason: The 5-day and 10-day moving average differences remain unchanged, while the 20-day moving average difference has narrowed. The inconsistent directions of these three indicators meet the criteria for a range-bound market. The 20-day moving average difference has narrowed from -2.50 to -1.67, indicating that the short-term price has some resilience against declines. Combined with the recent strong market performance, the overall trend shows a range-bound characteristic with a bullish bias.
Four, Spatial Reference
60-day cycle price position: high, with limited short-term upside potential. * Price position for the 3-month cycle: Mid-to-low range, with some room for both upward and downward fluctuations. 1 year cycle price position: low to mid-range, with potential for upward movement in the medium to long term.
Overall, the short-term high may limit the upward potential, but there is still some room for growth in the medium to long term.
5. Trend Chart Display
Six, Market Dynamics
Spot Market Trends: From August 17-19, the ethyl acetate market in North China and East China continued to show a strong trend. In North China, the factory price increased from 5340 CNY/ton to 5400 CNY/ton, with a cumulative increase of 60 CNY/ton; in East China, the price increased from 5485 CNY/ton to 5535 CNY/ton, with a cumulative increase of 50 CNY/ton. The market sentiment is bullish, and actual transactions are mainly based on negotiations. 2. Policy Event: On August 18, 2026, the Korea Trade Commission issued a notice announcing the initiation of an anti-dumping investigation into ethyl acetate originating from China, following an application by Korean producers. The period of investigation for dumping is from January 1, 2025, to December 31, 2025, while the period of investigation for injury is from January 1, 2023, to December 31, 2025. The preliminary ruling is expected to be issued within three months from the date of case initiation (with a possible extension of up to two additional months).
VII. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
