This week (8.12-8.18), the domestic price of ethyl acetate continued to decline. According to the Commodity Market Analysis System of Shengyi Society, as of the 18th, the price of ethyl acetate was 6016.67 yuan/ton, a decrease of 2.33% compared to the beginning of the week price of 6160.0 yuan/ton. Due to weak demand, insufficient cost boost, and bearish supply side market, the ethyl acetate market continues to decline.

Market analysis: The ethyl acetate market has continued to decline this week. On the raw material side, the acetic acid market remains stable, with insufficient cost boost; On the supply side, the main factories in Shandong have poor shipments, with bidding prices continuously decreasing and market transactions being poor, leading to a bearish attitude among industry players; Downstream enterprises have low enthusiasm for entering the market, slow consumption of inventory, and a small amount of essential needs entering the market, resulting in weak performance downstream; There is a lack of favorable conditions in the market, and the price of ethyl acetate is weakly declining.

Looking ahead, the upstream acetic acid market for ethyl acetate has intentions of exploring an upward trend, with potential cost support and increased momentum for the rise of ethyl acetate; On the supply side, some enterprises’ equipment will be shut down for maintenance, resulting in a decline in capacity utilization; Downstream demand is limited, and enterprises mainly consume inventory, which to some extent suppresses the rise of ethyl acetate. It is expected that the ethyl acetate market will rise slightly in the later period, and specific attention should be paid to changes in the upstream market and downstream follow-up.