This week (4.6-9), the price of ethyl acetate in the domestic market rose strongly, and the ex factory price rose continuously after the festival. According to the monitoring of the business society, the production price of ethyl acetate in East China was 9400-9600 yuan / ton, up 8.13% this week, mainly due to the rising price of acetic acid in the upstream market and the favorable supply and demand.

First of all, in terms of the upstream acetic acid market, acetic acid also rose sharply after the festival. According to the monitoring of the business society, acetic acid in East China rose by 8.7%, and the prices in North China, South China and other regions rose to varying degrees, mainly due to the fact that the units in Nanjing, Tianjin and Henan are still under repair, the operating rate is low, the supply side is good, the manufacturers’ inventory continues to go down, the manufacturers’ prices have a strong rise range, and the market linkage effect is obvious Obviously.

In addition to the cost advantage, the tight supply of ethyl acetate and the moderate growth of demand are the main factors driving the market. Affected by the overhaul of large plants and the decrease of supply, the inventory of manufacturers decreased, and the reluctance to sell increased. This week’s closure of jinyimeng intensified the shortage of goods in the market. In addition to the maintenance of enterprises, the terminal performed well, especially the downstream purchasing before Qingming Festival reduced a large part of the inventory pressure, and the smooth sales after the festival accelerated the de inventory of ethyl acetate. The cost, supply and demand of ethyl acetate increased significantly.

In the future, the ethyl acetate analysts of the business community believe that the short-term ethyl acetate is still affected by the supply shortage, and the price is still strong. However, the current price is at an unprecedented high, especially at the weekend, the pace of enterprise price adjustment has slowed down, and some enterprise prices have stabilized. It is expected that the price will maintain a high level or continue to rise slightly next week.