1、 Price trend

According to the monitoring of bulk data from the business agency, affected by the weakening of raw materials and the downturn of downstream demand, the price of domestic ethyl acetate began to decline. As of May 25, the average price of ethyl acetate in East China was about 5425 yuan / ton, down 1.59% year-on-year from last week.

2、 Cause analysis

Product: due to the long-term sluggish demand in the terminal market, the high price of ethyl acetate is greatly affected by the cost. As the market of raw materials acetic acid and ethanol gradually weakens, the domestic cost of ethyl acetate declines, the market begins to decline, the enterprise starts at a low level, the sales pressure is still high, the trade in the industry is light, and the market turnover is rare. At present, the price in East China is about 5200-5400 yuan / ton, in North China is 5100-5300 yuan / ton, and in South China is 5300-5500 yuan / ton

Industry chain: on the upstream side, the supply of acetic acid market is expected to increase, and the supply tension situation has been alleviated to some extent, but the downstream market demand is still slow to return to normal level, the spot transaction in the market is weak, and there is a certain bearish attitude towards the acetic acid market, some cargo traders have strong shipping intention, and the actual order is declining; the ethanol market is stable and weak, and enterprises are shipping actively, and the downstream just needs to buy, At present, the quotation in East China is about 5750 yuan / ton.

International: affected by the international epidemic, the supply and demand of international ethyl acetate are weak, and the regional price difference is large, among which the European port is about 1000 US dollars / ton, and the North American market port price is about 615 US dollars / ton.

3、 Future forecast

According to the analyst of ethyl acetate of business association, the overall supply and demand of ethyl acetate Market are weak at present, the market transaction atmosphere is low, the cost side is good and the support is insufficient, the downstream terminal market has not recovered yet, the sales pressure of ethyl acetate enterprises is obvious, and it is expected to be weak in a short period of time.