According to the Commodity Market Analysis System of Shengyi Society, as of the 28th, the price of ethyl acetate was 5593.33 yuan/ton, a decrease of 0.47% compared to the price of 5620.00 yuan/ton on March 22nd, and a decrease of 0.36% compared to the beginning of the month. The utilization rate of production capacity on the supply side has declined, the raw material market is weak, downstream follow-up is average, and there is insufficient positive news on the market. The market for ethyl acetate has stabilized and declined.
This week, the operating rate of domestic ethyl acetate plants has declined, and there is not much pressure on market supply. The price of acetic acid on the raw material side is weak, and the cost support is insufficient. In terms of demand, downstream demand for ethyl acetate mainly follows up on demand. The market trading atmosphere is weak, and actual transactions on the market are limited. The focus of ethyl acetate negotiations has been slightly lowered.
Looking at the future market, the ethyl acetate plant is expected to operate stably with little fluctuation. Enterprises have a positive attitude towards shipment, while the upstream market is weak and downstream entry is mainly based on demand. The overall market support is insufficient, and it is expected that the price of ethyl acetate will remain stable and weak in the short term. Specific attention should be paid to changes in supplier facilities and downstream follow-up.