According to the bulk data monitoring of business news agency, the ethyl acetate market continued to rise due to the sharp rise in the cost side and the centralized stocking of downstream products. As of January 20, the average price of enterprises in East China was about 7675 yuan / ton, up 16.73% from the same period last week and 8.48% from the beginning of this month.

Affected by the continuous high price of raw material acetic acid, the cost side support of ethyl acetate is strong. In addition, the downstream market concentrates on pre holiday stock, and the market supply is tight. The overall transaction in the industry is positive. With the completion of enterprise maintenance, the future supply is expected to increase. At present, it is about 7800-7900 yuan / ton in East China, 7600-7700 yuan / ton in North China and 8100-8200 yuan / ton in South China.

In terms of raw materials, the domestic acetic acid market continued to rise. Affected by the reduction of enterprise maintenance burden and downstream centralized stock preparation, the spot supply of acetic acid market was reduced, and the trade and investment in the industry were in good condition. In some areas, it was difficult to obtain one product, and the supply side gap could not be effectively made up in a short time. In terms of ethanol, the price of corn continues to rise, traders and farmers are reluctant to sell, and the short-term price remains high. At present, the price of ethanol in East China is about 7312 yuan / ton.

Ethyl acetate analysts of business news agency believe that the current domestic ethyl acetate Market is in short supply, the market demand is stable, and the cost side continues to rise. The double benefits support the strong operation of the ethyl acetate Market. It is expected that the ethyl acetate Market will remain strong before the end of the month.