last week (12.6-10), the domestic ethyl acetate market continued to decline, with a significant decline. According to the monitoring of the business society, the weekly decline of ethyl acetate was 2.16%, mainly due to the fact that the price of raw material acetic acid had not stopped falling, which dragged down the downstream ethyl acetate Market. In addition, the quotation of major domestic manufacturers was lowered again within the week, and the starting price of Shandong large factory was lowered, resulting in a low transaction. The weekend price was in the area of 8800-9100 yuan / ton Room.

First, in terms of cost, domestic acetic acid continued to decline last week, with a decline of 1.44%. During the week, the quotation fell first and then stabilized, the downstream demand continued to be weak, the market was dominated by just buying, the transaction of new orders in the market was insufficient, the acetic acid manufacturers negotiated shipment, and the transaction focus shifted downward. Most domestic acetic acid plants operated normally, and the devices of individual enterprises in East China were overhauled. However, the enterprise’s early inventory accumulated, the overall supply of goods in the market was still sufficient, and the operator’s mentality remained wait-and-see.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that the price of acetic acid drives the price of downstream ethyl ester down, and the decline of acetic acid is strong.

In addition, from the perspective of ethyl acetate supply, the supply pressure of ethyl acetate has increased, and the inventory of large domestic factories is still high. In order to reduce the pressure, the main large factories have repeatedly reduced their prices. The range is 200-400 yuan / ton. Social inventory pressure is also high, mainly due to the weak downstream demand caused by the seasonal off-season.

On the demand side, the domestic downstream demand for acetic acid was relatively weak last week, and some downstream industries entered the traditional off-season. The superposition of environmental protection policies affected some downstream purchase demand. Ethyl acetate only maintained the just needed shipment, and the delivery speed of the manufacturer further slowed down.

In the future, ethyl acetate analysts of business society believe that it is difficult to improve the cost in the short term. The low price of acetic acid will continue to drag down the driving force of the strength of ethyl acetate downstream. Especially affected by the off-season demand, the short-term short-term pattern of supply and demand remains unchanged. It is expected that the price of ethyl acetate may not reach the bottom.