According to the bulk data monitoring of the business community, affected by the sluggish terminal demand and the falling price of raw materials, the ethyl acetate market continued to decline. As of January 12, the average price of enterprises in East China was about 6575 yuan / ton, down 7.07% from the beginning of the month.

After the new year’s day, the downstream terminal market of ethyl acetate gradually entered the off-season, the overall shipment of the industry was not smooth, the trade was weak, the overall start-up of ethyl acetate production enterprises was stable, the accumulated inventory was high, and the enterprises were forced to reduce the price and ship. At present, there are about 6350-6450 yuan / ton in East China, 6350-6450 yuan / ton in North China and 6950-7050 yuan / ton in South China.

In terms of raw materials, the acetic acid market started smoothly and the market supply was abundant, but the overall demand of the downstream market was poor. In addition, the epidemic situation in Hebei Province rebounded, the industry was cautious in purchasing, the trading was weak, and the bearish attitude was strong. The price of raw material corn in ethanol market will continue to maintain a high level, the start-up of corn ethanol under the cost pressure will continue to maintain a low level, the plant will not shut down in winter, the order delivery will basically be maintained in the short term, and the price will remain stable. It is expected that the domestic ethanol market will be mainly sorted out in the short term. At present, ethanol in East China is about 7075 yuan / ton.

Analysts of ethyl acetate from the business community believe that the current situation of oversupply in the domestic ethyl acetate Market is increasingly apparent. In addition, the weak operation of raw material acetic acid market makes it difficult to alleviate the short-term negative factors. It is expected that the weak operation of ethyl acetate Market in the near future.