As of the 26th, the price of ethyl acetate was 5860 yuan/ton, an increase of 16.67 yuan/ton or 0.29% compared to the price of 5843.33 yuan/ton on July 20th. The maintenance of the ethyl acetate unit and the follow-up of downstream market demand have led to an upward trend in the price of ethyl acetate due to the supply-demand game.
On the supply side, some units of ethyl acetate have been shut down for maintenance, resulting in a decrease in operating rates and an increase in the willingness of enterprises to raise prices; In terms of demand, the terminal market is in a traditional off-season, with downstream procurement mainly based on demand, and demand side support is average; At the same time, upstream acetic acid prices have loosened, cost support has weakened, and downstream and cost markets have suppressed the rise of ethyl ester prices. Under the psychological game, the center of gravity of ethyl acetate prices has narrowly shifted upward.
Looking at the future market, the operating rate of the ethyl acetate market is not high, with enterprises mainly pushing prices and downstream parties following up as needed. The market is limited, and there is an expected increase in supply in the later stage. The market mentality is cautious, and it is expected that ethyl acetate will be observed and consolidated in the short term, with narrow fluctuations in prices. Specific attention should be paid to the raw material market and downstream follow-up situation in the future.