According to the Commodity Market Analysis System of Shengyi Society, as of July 30th, the average production price of ethyl acetate was 5433.33 yuan/ton, a decrease of 16.67 yuan/ton compared to the beginning of the month price of 5450.00 yuan/ton, with an overall decline of 0.31%. The main reason is the weak market situation on the raw material side, with a negative cost outlook. At the same time, downstream demand is limited, and enterprise shipments are weak. The market mentality is not good, and the price of ethyl acetate is running weakly.
| PVA |
Market analysis: This month, the ethyl acetate market has been weak and volatile. At the beginning of the month, the downstream market showed good enthusiasm for entering the market, with smooth shipments of ethyl acetate and a strong upward trend in prices. However, with the continuous decline of raw material prices and the negative impact of cost factors, the market mentality of ethyl acetate was weak, leading to a decline in ethyl acetate prices. At the same time, downstream demand followed suit, with limited market transactions and weak upward momentum in ethyl acetate prices. At the end of the month, the upstream market was strong, and market sentiment rose slightly, resulting in a slight increase in ethyl acetate prices.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of July 30th, the price was 2400.00 yuan/ton, a decrease of 3.61% compared to the acetic acid price of 2490.00 yuan/ton at the beginning of the month. The weak trend of acetic acid prices continues, and the cost support for ethyl acetate is weak. Downstream consumption is slow, and acetic acid companies have average shipments. The market supply is strong and demand is weak, and the focus of acetic acid transactions continues to decline.
Looking at the future, the ethyl acetate market is currently experiencing a slight upward trend, with low operating rates on the supply side and stable downstream follow-up. The on-site mentality is mainly wait-and-see, and prices in the raw material region are fluctuating, with limited cost support. It is expected that the price of ethyl acetate will stabilize in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.
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