According to the Commodity Market Analysis System of Shengyi Society, as of May 31st, the average production price of ethyl acetate was 5456.67 yuan/ton, a decrease of 60 yuan/ton compared to the beginning of the month price of 5516.67 yuan/ton, with an overall decline of 1.09%. The main reason for the weak downstream demand, hindered enterprise shipments, limited raw material support, and lack of market benefits has led to a weak downward adjustment in the price of ethyl acetate.
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Market analysis: This month, the ethyl acetate market has been weak and volatile. After the holiday, the price of ethyl acetate decreased significantly, mainly due to the decline in raw material acetic acid prices, negative cost factors, and weak downstream demand for ethyl acetate. Under the guidance of news, the price of ethyl acetate fell; In the second half of the year, the price of ethyl acetate fluctuated. Although the upstream market rose and the cost side was supported, the demand enthusiasm was not high, market trading was poor, and the mentality of the industry was conflicted. The price of ethyl acetate fluctuated slightly.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of May 31st, the price was 2700 yuan/ton, which is the same as the acetic acid price of 2700 yuan/ton at the beginning of the month. The price range of acetic acid fluctuates, the cost support of ethyl acetate is limited, the profit of ethyl acetate is low, the pressure on enterprise shipments is high, and the market transaction center continues to decline.
Looking at the future market, the ethyl acetate market is currently operating weakly and steadily, with downstream observation being the main focus. Market transactions are limited, supply side supply volume is increasing, sales pressure is increasing, and there is a lack of favorable market conditions. It is expected that the price of ethyl acetate will continue to operate weakly in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.
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