This week (July 12-19), the domestic price of ethyl acetate rose first and then fell. According to analysis, as of July 19, the price of ethyl acetate increased by 1.08% during the week compared with the price on July 12. The main reasons are the increase in upstream prices, the favorable impact on the cost side, and the limited downstream demand, and the ethyl acetate market is fluctuating.
Market analysis: The ethyl acetate market was relatively strong this week. On the supply side, the utilization rate of ethyl acetate production capacity was low, the supply side had no inventory pressure, and the industry was mainly in a wait-and-see attitude; on the raw material side, the price of acetic acid was high and firm, and the cost support was favorable, which led to an increase in the price of ethyl acetate, but the acetic acid sentiment weakened in the later period. The upstream market was transmitted to the terminal market, affecting the downstream purchase. Under the game of supply and demand, the price of ethyl acetate rose first and then fell during the week.
Looking at the future market, the price of acetic acid, the upstream of ethyl acetate, has a downward trend. The cost support has weakened. The inventory of ethyl acetate suppliers is under no pressure, but the downstream demand is limited. In addition, the market sentiment is unstable due to the influence of raw materials. It is expected that the ethyl acetate market will be stalemate in the later period. Specifically, pay attention to the price implementation of raw material acetic acid and ethyl acetate manufacturers.
Post time: Jul-22-2024