As of September 30th, the average production price of ethyl acetate was 6893.33 yuan/ton, an increase of 963.33 yuan/ton compared to the beginning of the month price of 5930 yuan/ton, with an overall increase of 16.25%. The supply side has experienced two minor changes, downstream demand remains stable, raw material support is strong, and the ethyl acetate market is operating strongly.
Market analysis: In September, the ethyl acetate market fluctuated upwards, with a clear overall price trend. On the supply side, the operating rate of ethyl acetate remains at a high level, with little market change and sufficient supply of ethyl acetate; On the downstream side, under the traditional peak demand season, there is an increase in enterprise orders, and the market trading atmosphere is improving, which provides good support for enterprise inventory consumption; The price trend of acetic acid on the raw material side is strong, and the cost of ethyl acetate continues to increase. The mentality of industry players is rising, and the focus of ethyl acetate transactions has risen strongly within the month.
In September, the price of acetic acid increased from 3400 yuan/ton to 4850 yuan/ton, with an overall increase of 42.65%. The upstream methanol price of acetic acid has risen, directly driving up the production cost of acetic acid. At the same time, the inventory of acetic acid enterprises is generally not high, and manufacturers have a strong intention to raise prices. Coupled with downstream support during the traditional peak season, the price of acetic acid has continued to rise throughout the month. The rise in raw material prices has increased the cost pressure of ethyl acetate, and the center of gravity of ethyl acetate prices has shifted upward.
In the future, there will be sufficient inventory of ethyl acetate, and enterprises will mainly maintain shipments. Currently, the price of ethyl acetate is relatively high, and downstream demand may have the intention to buy at a lower price. The market trading atmosphere will weaken, and it is expected that the ethyl acetate market will fluctuate at a high level next month, with a narrow price reduction. Specific attention should be paid to changes in supplier equipment and downstream follow-up.