onlinearcade| The price of ethyl acetate fell to 6290 yuan/ton: supply and demand were weak, downstream demand was bearish, and the market continued to be weak.

News summary

The domestic ethyl acetate market showed weakness this week, with prices falling 0.0%onlinearcade.58% to 6290 yuan/ton. Oversupply and sluggish demand are exerting pressure, raw material costs are weakening, and the market is bearish. Prices are expected to continue to be weak in the short term.

onlinearcade| The price of ethyl acetate fell to 6290 yuan/ton: supply and demand were weak, downstream demand was bearish, and the market continued to be weak.

Newsletter text

[The market price of ethyl acetate is in the downward channel and has dropped by 40-50 yuan/ton]

this weekonlinearcadeIn the trading of, the domestic ethyl acetate market price performed poorly and showed a downward trend. According to the latest data, the price of this product has dropped from 6,326.67 yuan/ton to 6,290.00 yuan/ton, with a cumulative decline of 0.58%.

Market analysis pointed out that the current sluggish supply and demand relationship in the ethyl acetate market is the main reason for the price decline. The supply side is under pressure and production capacity utilization is high. However, major factories in Shandong have lowered their bidding prices to reduce inventory pressure to allow shipments.

On the demand side, the consumption rate of terminals is slow, and the downstream market mainly seeks low-priced sources of goods and is resistant to higher-priced sources of goods. The demand side is generally bearish. The price of raw material acetic acid is also showing a downward trend, and the support from the cost side is insufficient, which may further affect the price trend of downstream ethyl ester in the future.

Regarding the future market, analysts expect that the ethyl acetate market may continue to be weak if the fundamentals of weak supply and demand are difficult to improve in the short term. Investors are advised to pay close attention to the price dynamics of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream market transaction price remains in the range of 6,200 - 6,370 yuan/ton.