According to the Commodity Market Analysis System of Shengyi Society, as of the 30th, the price of ethyl acetate was 5516.67 yuan/ton, a decrease of 0.30% compared to the price of 5533.33 yuan/ton on April 26th, and a decrease of 1.08% from the beginning of the month. Supply side enterprises are experiencing poor shipments, raw material prices are falling, and downstream demand is average before the holiday. As a result, the market for ethyl acetate has once again declined.
There has been little change in the operation of domestic ethyl acetate plants this week, and the market supply of goods is sufficient. The price of ethyl acetate continues to fall, and the upstream market is weak, with weakened cost support. The demand side consumes inventory slowly, and the enthusiasm for entering the market for purchasing is poor. The mentality of the industry is bearish, and the price of ethyl acetate continues to decline.
In the future, the ethyl acetate market is expected to remain weak and stable, with downstream companies adopting a wait-and-see attitude and insufficient demand support. Supply side enterprises are facing increased inventory and sales pressure, and there is a lack of favorable market conditions. It is expected that the price of ethyl acetate will continue to operate weakly in the short term, and specific attention will be paid to changes in supplier equipment and downstream follow-up.