This week (6.15-18), the domestic market of ethyl acetate was stable. After the rising market of ethyl acetate in the first two weeks of June, the current market has stabilized, and the price is hovering at a high level. According to the monitoring of the business association, this week’s rise and fall was 0, and most of the quotations of major domestic manufacturers remained stable. After the Dragon Boat Festival, the market returned to rationality, the downstream procurement slowed down, and the superimposed supply gradually returned to stability. Therefore, the price of ethyl acetate stopped rising and stabilized. At present, the price is between 9700-9800 yuan / ton.

First of all, in terms of the upstream acetic acid market, the price of acetic acid is still strong. According to the monitoring of the business community, the price of acetic acid has risen slightly since the festival, with an increase of 0.79% this week (6.15-18) (as shown in the figure below). On the one hand, the operation rate of acetic acid is low, the supply of acetic acid is reduced due to the maintenance of the plant, which continuously supports the price. However, the high price of acetic acid brings pressure on the downstream ethyl acetate. In the later stage, it can not be ruled out that under the effect of the slowdown of purchasing demand, acetic acid has a callback.

In addition, from the perspective of ethyl acetate supply, some maintenance devices resumed operation after the festival. At present, the market supply is relatively stable. Due to the high price of upstream acetic acid, the downstream ethyl acetate manufacturers generally support the price to maintain the profit margin. However, the ex factory price stopped rising this week, and the enterprise has a trend of gradually accumulating stock.

From the perspective of supply and demand of ethyl acetate, the terminal demand entered the traditional off-season, and the market demand continued to be weak. After a previous round of price increase, the current price is still high. The downstream consumers are rational and resistant to the high price of ethyl acetate, and the number of households is affected to a certain extent, which makes the market more vulnerable.

In the future, ethyl acetate analysts from business clubs believe that ethyl acetate is currently facing the dual dilemma of high cost and low demand, with weak price rise. However, affected by weak demand, the market has a certain risk of callback, and the price may fall from a high level in the near future.