As of the 25th, the price of ethyl acetate was 5666.67 yuan/ton, a decrease of 100 yuan/ton or 1.73% compared to the price of 5766.67 yuan/ton on June 18th. The supply of ethyl acetate has increased, downstream demand is sluggish, and the mentality of industry players is bearish, resulting in a weak downward trend in the price of ethyl acetate.
On the supply side, the early maintenance equipment for ethyl acetate has been restored, and the operating rate has significantly increased. The market supply is sufficient, and the pressure on enterprises to ship has increased; In terms of demand, the terminal market transactions are average, with downstream market entry being the main demand. The consumption of ethyl acetate is average, and industry players have a bearish attitude; Upstream acetic acid prices are running strongly, with decent cost support, but overall the push up for ethyl ester prices is limited, and market demand is weak. In order to promote shipments, enterprises continue to shift the focus of ethyl acetate prices downwards.
In the future, the supply of ethyl acetate in the market is relatively strong, while downstream demand is weak. Although costs are supported, the contradiction between supply and demand in the market is suppressed, and price rebound is limited. Market demand dominates, and it is expected that the short-term market for ethyl acetate will be weak and stable. Specific attention should be paid to the raw material market and downstream follow-up situation in the future.