According to the Commodity Market Analysis System of Shengyi Society, as of the 28th, the price of ethyl acetate was 5473.33 yuan/ton, a decrease of 26.67 yuan/ton or 0.48% compared to the price of 5500.00 yuan/ton on October 21st. The production of ethyl acetate plant has increased, but downstream purchasing follow-up is limited, resulting in a decline in raw material prices and a weak downward trend in the ethyl acetate market.

Recently, some of the maintenance facilities for ethyl acetate in China have resumed operation, resulting in an increase in on-site capacity utilization and market inventory. The intention of enterprises to ship is more obvious, and the price of raw material acetic acid continues to fall. The weak cost support has had a negative impact on the market atmosphere for ethyl acetate. At the same time, downstream buyers are cautious when entering the market, and demand performance is average. The mentality of ethyl acetate enterprises is weak, and the focus of negotiations has shifted downward.
In the future, downstream consumption of ethyl acetate is slow, actual market trading is limited, and inventory and shipment pressure of enterprises may increase. The upstream acetic acid market is weak, and cost support is insufficient. It is expected that the short-term price of ethyl acetate will continue to operate weakly. Specific attention should be paid to device fluctuations and downstream follow-up in the future.