According to the Commodity Market Analysis System of Shengyi Society, as of the 24th, the price of ethyl acetate was 6616.67 yuan/ton, an increase of 216.67 yuan/ton or 3.39% compared to the price of 6400.00 yuan/ton on March 16th. The upstream price of ethyl acetate has risen, with favorable cost support and a strong mentality among industry players, resulting in a strong upward trend in the price of ethyl acetate.
The price of raw material acetic acid remains high, and the cost support of ethyl acetate is strong, pushing up the price trend; The downstream consumption of ethyl acetate is mainly based on inventory, and it is purchased on demand when entering the market, with average support for ethyl acetate; On the supply side, due to the recent shutdown of mainstream facilities in Shandong, the market sentiment is positive, and ethyl acetate continues to operate strongly.
In the future, the cost support for ethyl acetate is relatively strong, and it may continue to rise under the promotion of favorable factors; From a fundamental perspective, the operating rate of the ethyl acetate plant is relatively high, the market supply is sufficient, and downstream consumption is average. The demand for ethyl acetate is limited, and the market supply and demand are not good, which may suppress the price increase of ethyl acetate. It is expected that the ethyl acetate market will strengthen and consolidate in the later stage, and specific attention will be paid to the raw material market and downstream follow-up situation in the future.