News from Business Agency on May 31
This week (5.25-5.31), the domestic price of ethyl acetate remained stable. According to the commodity market analysis system of the business community, the price of ethyl acetate had remained at 6290 yuan/ton by the 31st day, and the price would remain unchanged within the week. The main reason is that the upstream cost support is insufficient, the supply and demand of ethyl acetate is relatively stable, and the market situation is stable.
Market analysis: This week, the ethyl acetate market is stable. The capacity utilization rate of ethyl acetate at the supply end is at a low level, the supplier has no pressure on inventory, and the manufacturer maintains active shipment; At the raw material end, the price of acetic acid is weak and unstable, and the cost support is insufficient. The upstream market is transmitted to the terminal market, which affects the downstream purchase. The downstream accepts the high price goods generally, and the market entry is mostly based on demand. Under the supply and demand game, the price of ethyl acetate is stable.
Looking at the future market, the upstream acetic acid of ethyl acetate has slightly increased, the cost support is good, the supplier's supply is not under pressure, and the downstream can purchase as needed. The market is optimistic. It is expected that the ethyl acetate market will be sorted up in the short term. It is suggested to pay attention to the price implementation of raw acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6200-6370 yuan/ton.
(Source: Business Association)
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