(9.9-9.14) Domestic ethyl acetate prices fell first and then rose. According to analysis, as of the 14th, the price of ethyl acetate fell by 0.22% compared with the price on September 9. The main reasons are insufficient cost support, limited downstream demand, and fluctuations in the equipment of some companies on the supply side, which led to the adjustment of ethyl acetate prices.
Market analysis: This week, the market of ethyl acetate was weak and consolidated. On the raw material side, the price of acetic acid was mainly stable, the cost side was insufficient, the downstream consumption of inventory was slow, and the enthusiasm for entering the market was not high. At the beginning of the week, the price of ethyl acetate was weak and downward; afterwards, the main factory in Shandong stopped production, the market supply decreased, the supply side news was good, and the price of ethyl acetate rose, but the market trading atmosphere was poor, and the increase of ethyl acetate was limited.
Looking at the future market, the upstream acetic acid market of ethyl acetate is stable, cost support is limited, and the upward momentum of ethyl acetate is insufficient; on the supply side, Yanzhou Coal’s device will resume operation next week, and capacity utilization will increase, which will have a negative impact on the ethyl acetate market; downstream demand is weak, and market support is insufficient. It is expected that the price of ethyl acetate may be weak in the later period. Specifically, pay attention to the changes in upstream market conditions and downstream follow-up.
Post time: Sep-18-2024