SunSirs: Poor Downstream Demand, Weak Downward Trend in Ethyl Acetate Prices

https://www.chemnet.com   Aug 16,2024

Since August, domestic ethyl acetate prices have continued to fall. According to the commodity market analysis system of SunSirs, as of the 13th, the price of ethyl acetate was 6143.33 RMB/ton, a decrease of 1.18% compared with the price of 6216.67 RMB/ton at the beginning of the month. The main reasons are weak demand, lack of cost benefits, weak support from the supply side, and insufficient market mentality, and the ethyl acetate market is weak and downward.

Market analysis:

Since August, the ethyl acetate market has been weak. On the raw material side, acetic acid has stabilized and cost support is limited; on the supply side, the price of Shandong's main factories has stabilized, the transaction atmosphere is general, and the market confidence is insufficient; downstream companies are not very enthusiastic about entering the market, and they mainly consume inventory, and a small amount of entry is mainly based on demand, which is affected by the negative demand side; lack of market benefits, ethyl acetate prices are consolidated and downward.

Looking at the future market, the price of upstream raw materials of ethyl acetate is stable, the cost support is general, and there is little momentum for the price to rise; on the supply side, although the low operating rate has a certain support for the price, the downstream demand continues to be weak, and enterprises mainly consume inventory, and the market transaction is limited. It is expected that the ethyl acetate market will continue to be weak in the later period, and specific attention will be paid to the changes in the upstream market and the follow-up of the downstream.

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