According to Shengyishe Spot News, as of the 27th, the price of ethyl acetate was 6516.67 yuan/ton, a decrease of 400 yuan/ton compared to the price of 6916.67 yuan/ton on April 20th, a decrease of 5.78%. The price of ethyl acetate raw materials continues to decline, and the cost side remains bearish. The market atmosphere for ethyl acetate is weak, and the price trend of ethyl acetate continues to decline.
The continuous decline in upstream acetic acid prices has had a negative impact on the ethyl acetate market, leading to a pessimistic attitude among enterprises and a downward trend in quotations following the market; Downstream demand for ethyl ester is limited due to limited actual market transactions and insufficient support from the demand side; On the supply side, the operating rate of the ethyl acetate plant fluctuated narrowly, the supply of goods was stable, and enterprises actively shipped before the holiday. The market fundamentals were weak, and the ethyl acetate market was weakly declining.
In the future, there will be sufficient supply of ethyl acetate, with enterprises maintaining a focus on shipments. The price of raw material acetic acid is weak, and cost support is insufficient. Downstream parties will follow up on demand when entering the market, and the market trading atmosphere will be poor. It is expected that the ethyl acetate market will continue to operate weakly before the holiday, and specific attention will be paid to the raw material market and downstream follow-up situation in the future.