October 10th, News
According to Spotcom data, as of October 10th, the average price of ethyl acetate in China was 7216.67 CNY/ton, an increase of 323.34 CNY/ton compared to the price of 6893.33 CNY/ton on September 30th, a price increase of 4.69%. Upstream acetic acid prices remain high, with strong cost support. After the holiday, downstream restocking is concentrated, and market sentiment is bullish, leading to a firm upward trend in ethyl acetate prices.
On the supply side, the operating rate of ethyl acetate decreased this week compared to last week, and the market's spot supply pressure is not significant; the price of raw material acetic acid remains high, leading to a large production cost pressure for ethyl acetate companies, which pushes the price of ethyl acetate to rise. On the demand side, after the holiday, there was a concentrated replenishment by downstream buyers, and ethyl acetate companies had smooth sales. The market sentiment is positive, and industry players are actively pushing for price increases, leading to continuous adjustments in the price of ethyl acetate.
Looking ahead, the prices of ethyl acetate raw materials in China remain firm at high levels, with strong support from the cost side. Downstream buyers are actively entering the market, and demand is expected to be robust in the short term. After downstream restocking is completed, the terminal market may slow down its procurement of high-priced goods. It is expected that ethyl acetate will continue to perform strongly in the short term, with the market consolidating at high levels. Specific attention should be paid to the raw material prices and the follow-up situation of downstream buyers.
