As of the 24th, the price of ethyl acetate was 6766.67 yuan/ton, an increase of 16.67 yuan/ton or 0.25% compared to the price of 6750 yuan/ton on September 21st. Upstream acetic acid prices have risen, with strong cost support, while downstream acceptance of high prices is poor. The market trading atmosphere is weak, and the price of ethyl acetate fluctuates narrowly.
On the supply side, the operating rate of ethyl acetate has decreased this week, and there is not much pressure on the spot supply in the market; On the raw material side, the price of acetic acid continues to rise, and the production cost of ethyl acetate enterprises increases, supporting the high operation of ethyl acetate prices; In terms of demand, downstream consumers are resistant to high priced goods and mainly purchase on demand when entering the market, lacking driving support for the market; Some operators are cautious in their mentality and have slightly adjusted the price of ethyl acetate to promote shipment.
Looking at the future, the upstream price of ethyl acetate is running at a high level, with favorable cost support. Although the downstream is resistant to high priced goods, considering the urgent need for pre holiday stocking, the demand side support is still acceptable. It is expected that ethyl acetate will maintain a high level of operation in the short term, with narrow price fluctuations. In the future, specific attention should be paid to the raw material market and downstream follow-up situation.