Price Trend

The domestic market of ethyl acetate continued to rise. According to the monitoring data of business associations, the market of ethyl acetate in eastern China offered 5616 yuan/ton at the beginning of the week, and up to 5700 yuan/ton in eastern China, the overall increase was 1.48%.

II. Analytical Review

Products: The domestic market of ethyl acetate has been shaking up. After the previous period of continuous rise, the high-price ethyl acetate is more resistant and the transaction is not smooth. Acetic acid rose in the middle of the week, cost support, followed by a significant rise. Up to now, the market offers are as follows: the mainstream reference offer in East China is 5700-5900 yuan/ton, the North China offer is 5650-5750 yuan/ton, and the mainstream offer in South China is 6300 yuan/ton.

Industry Chain: Acetic acid: The acetic acid plant in eastern China started at a low level, the market was bullish, and the supplier was basically at a high level. At present, the acetic acid market started to improve one after another, and the supply side became more and more abundant. There was a clear conflict between high-price acetic acid in the downstream and substantive digestion was insufficient. Ethanol market is relatively stable, the downstream basically maintained just need to purchase, anhydrous aspect of the current supply is sufficient, short-term is not determined as the main.

3. Future Market Forecast

After the recent small rise, the downstream for high-price ethyl acetate relatively conflicted, its procurement just needed to replenish the main, some enterprises after the accumulation of inventory negotiations have preferential, the market looks hollow, acetic acid raw material is still strong, cost-supported short-term ethyl acetate concession space is limited. Business associations expect the ethyl acetate Market to loosen next week and remain stable as a whole.