This week, the market price of ethyl acetate rose steadily
As of the 24th, the price of ethyl acetate increased by 0.12% compared with the price on January 20, and decreased by 2.03% from the beginning of the month. The supply-side inventory pressure is not high, and the downstream market follows up on demand. The market supply and demand are relatively balanced, and the ethyl acetate market is operating in a wait-and-see manner.
This week, the operating rate of domestic ethyl acetate plants has declined, companies have no inventory pressure, raw material prices are mainly weak, cost support is poor, the start-up of downstream ethyl acetate has weakened, and entry into the market before the holiday is based on demand. Companies’ shipments are still good, and the market price of ethyl acetate has stabilized.
Looking at the future market, the production capacity utilization rate of ethyl acetate is not high, the market supply remains stable, the downstream pre-holiday stocking is coming to an end, and the market transaction atmosphere has weakened. In the short term, the price of ethyl acetate will remain stable and wait-and-see. Specific attention will be paid to changes in suppliers’ equipment and downstream follow-up.
This week, the acetic acid market is weak
Acetic acid market was weak this week, with companies’ quotations fluctuating. On the supply side, domestic capacity utilization remained high, factory inventory was under pressure, downstream pre-holiday stocking was coming to an end, market enthusiasm was weakened, and the trading atmosphere was light. Among them, Shandong and North China had poor shipments, and the transaction center of gravity of the acetic acid market moved downward.
The upstream methanol market is weak. From January 20 to 24, the average price of the domestic market fell by 0.90%. The domestic methanol market fell first and then rose. The downstream pre-holiday stocking was poor, the market buying momentum was weak, and the production enterprises made more concessions for shipments. The methanol price continued to decline. In the later period, the foreign market price remained stable, the negative factors weakened, and the domestic methanol market price rebounded slightly.
The downstream acetic anhydride market rose slightly, and the average ex-factory price of acetic anhydride on January 24 increased by 0.30% compared with the price on January 20. The upstream acetic acid market fluctuated, the cost of acetic anhydride was average, the downstream pre-holiday stocking was good, the market transaction atmosphere was good, and the price of acetic anhydride was consolidated and upward.
At present, the acetic acid production capacity utilization rate is relatively high, the market supply is sufficient, the downstream purchases before the holiday have been basically completed, the actual transactions are limited, and the market mentality is mainly wait-and-see. Based on the performance of supply and demand, it is expected that the acetic acid market after the holiday may be weak, and attention will be paid to the follow-up of the downstream in the future.
Post time: Feb-06-2025