The price of domestic ethyl acetate fell this week (8.9-13), which continued the downward trend of last week. Most domestic manufacturers reduced this week, stabilized slightly at the weekend, and the price of most manufacturers stopped falling. According to the monitoring of business society, the price of ethyl acetate fell by 1.47% this week, and the current price is in the range of 8200-8500 yuan / ton.

First, from the perspective of the upstream acetic acid market, the price of acetic acid continued to fall in August, and the cost was bad for the downstream ethyl acetate Market. According to the monitoring of business society, the cumulative decline of acetic acid in August was 2.89%, mainly due to the poor market atmosphere, the continuous downturn of downstream demand and the slight increase of domestic inventory, which was mainly due to the transportation control of various regions, the poor shipment of manufacturers and the wait-and-see mentality of downstream industries. However, large factories were overhauled in Shandong and Jiangsu, which alleviated the contradiction of sufficient supply to a certain extent.

In addition, from the perspective of supply and demand of ethyl acetate, first of all, at the supply side, the supply of ethyl acetate is abundant, the enterprise plant operates normally and maintains a high operating rate. However, since August, due to regional transportation restrictions, manufacturers have significantly slowed down their shipment speed. Large manufacturers have exchanged price for quantity and reduced prices intensively. Prices in East China, South China and other places have fallen to varying degrees. On the demand side, the market demand is relatively weak, the downstream procurement is relatively rational, there is generally no inventory in the off-season, and you can take it with you, but you just need to buy and continue to follow up, which is also an important reason for the price of ethyl acetate to stop falling and stabilize. Downstream continuous follow-up needs further observation.

In the future, ethyl acetate analysts of business society believe that the epidemic situation in many places in China, especially in Jiangsu, is still severe, and the road transportation problem will still suppress the price of ethyl acetate in some areas. In addition, with the resumption of large plants in Guangxi this weekend, the supply will increase in the later stage, and it is still difficult to make a breakthrough in the price of ethyl acetate without a fundamental improvement in demand.