In August, the market for ethyl acetate showed a weak downward trend. According to the Commodity Market Analysis System of Shengyi Society, as of August 30th, the average production price of ethyl acetate was 6016.67 yuan/ton, a decrease of 3.22% compared to the beginning of the month price of 6216.67 yuan/ton. The main reason for the weak demand side, limited upstream support, and bearish supply mentality led to a weak decline in the price of ethyl acetate.
Market analysis: This month, the overall market price of ethyl acetate has declined. The price continued to decline in the first half of the month, mainly due to the stable raw material market, insufficient cost support, and weak downstream demand, resulting in a continuous decline in the ethyl acetate market; In the second half of the month, the price of raw material acetic acid rose sharply, which had a positive impact on the cost side and led to a rebound in the price of ethyl acetate. However, with the decrease in raw material prices, the cost advantage disappeared, and coupled with flat downstream demand, the market support was insufficient. The atmosphere in the market was bearish again, and the price of ethyl acetate fell.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of August 30th, the price was 3350 yuan/ton, an overall increase of 0.75% compared to the acetic acid price of 3325 yuan/ton at the beginning of the month. The price of acetic acid on the raw material side first rose and then fell, with limited cost support. The acetic acid market continues to transmit to the end, affecting the weak performance of downstream ethyl esters.
Looking at the future market, the upstream acetic acid price of ethyl acetate continues to decline, with a negative impact on the cost side. At the same time, the bidding prices of the main factories of ethyl acetate continue to decrease, leading to a lack of confidence in the future market. Downstream companies follow up as needed, and the market trading atmosphere is quiet. It is expected that the ethyl acetate market will be weak and orderly in the future. It is recommended to pay attention to the price execution of raw materials such as acetic acid and ethyl acetate manufacturers.
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