1、 Price trend

According to the bulk data monitoring of the business agency, the domestic ethyl acetate market continued to decline in March. In early March, the ex factory price of ethyl acetate of East China enterprises was about 5933 yuan / ton, and the average price at the end of the month was about 5050 yuan / ton, with a sharp drop of 14.48% in the month.

2、 Cause analysis

Products: in March, the domestic ethyl acetate Market as a whole continued to decline. In the middle of June, due to the centralized maintenance of the raw material acetic acid market, the spot supply was tight, leading to a slight recovery in the price of acetic acid, so the price of ethyl acetate followed the rise. However, with the decline of the raw material market, and the cold purchase in the terminal market, the export end also showed a downturn, and ethyl acetate was in a double negative situation Under the influence of continuous decline.

Industry chain: in the upstream, the acetic acid market is in a weak position. In the middle of the month, due to the impact of enterprise maintenance, the spot supply becomes tight, and the price rises slightly. However, after the completion of enterprise maintenance, the price of acetic acid falls again; the ethanol market falls sharply, and the weak demand in the downstream market leads to a large decline of 7.36% in the month. At present, the price in East China is about 5262 yuan / ton.

International: at present, affected by the global economic downturn, the price of international ethyl acetate has declined significantly, among which the price of ports in Europe is about 785 US dollars / ton, and the price of ports in North America is about 730 US dollars / ton.

3、 Future forecast

According to analysts of ethyl acetate of business association, at present, domestic demand and export of ethyl acetate Market are in a double downturn, coupled with insufficient support of raw material prices and multiple negative factors, and it is expected to run in a weak position in a short period of time.