Recently (4.17-4.25), the domestic ethyl acetate market has shown weak performance and prices have continued to decline. According to the Commodity Market Analysis System of Business Society, as of the 24th, the decline in ethyl acetate has been 0.68%, with a cumulative range of 30-100 yuan/ton. The main reason for the bearish performance of cost demand.

Market analysis: Since April 17th, the supply and demand of ethyl acetate market has been continuously weak. The high utilization rate of production capacity on the supply side has put pressure on supplier shipments, and the bidding prices of Shandong’s main factories have been lowered, suppressing market confidence; In terms of demand, terminal consumption is slow, downstream purchases are followed up on demand, and the demand side continues to be bearish. On the raw material side, the price of acetic acid is relatively weak and the cost support is weakened, which may continue to be transmitted to the terminal in the later stage, affecting the downstream trend of ethyl ester.

In the future, with weak supply and demand of ethyl acetate and difficulty in improving short-term fundamentals, it is expected that the ethyl acetate market will maintain a weak consolidation in the short term. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6200-6450 yuan/ton.