This week (7.20-7.26), the domestic price of ethyl acetate first rose and then fell. According to the Commodity Market Analysis System of Shengyi Society, as of the 26th, the price of ethyl acetate was 6243.33 yuan/ton, a decrease of 0.11% compared to the price of 6250.00 yuan/ton on July 20th. The main reason for the volatile operation of the ethyl acetate market is the positive news on the supply side, the negative market situation on the cost side, and the game of mentality in the market.
Market analysis: The price range of ethyl acetate fluctuated this week. In the early stage, the main factories in Shandong stopped production, which provided favorable support from the supply side. In addition, the overall operating rate of the market was not high, and enterprise quotations rose sharply, resulting in a slight increase in the ethyl acetate market; Afterwards, with the recovery of Yankuang’s ethyl acetate plant, the market capacity utilization rate improved. Coupled with the downward adjustment of the upstream acetic acid market, the atmosphere in the market was bearish, and the price of ethyl acetate fell. The price trend of ethyl acetate first rose and then fell during the week.
Looking at the future, the upstream raw material prices of ethyl acetate have fallen, the cost side is bearish, and the market mentality of ethyl acetate is not good; The downstream side mainly consumes inventory, and follows up on demand when entering the market, with limited support from the demand side; On the supply side, low production may provide some support for prices, and it is expected that the ethyl acetate market will experience weak consolidation in the later stage. Please pay attention to the price execution of raw materials such as acetic acid and ethyl acetate manufacturers.
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