This week (4.17-23), the domestic ethyl acetate market rose steadily, and there was little room for market prices to rise or fall. According to the commodity market analysis system of the business community, the increase of ethyl acetate was 0.49. The overall performance of the market remains stable, with a weak trading atmosphere.

Market analysis: The ethyl acetate market has maintained a stable trend recently. The market trading atmosphere is light, with downstream procurement mainly focused on demand. The trading ranges of ethyl esters in East China, Central China, and South China are all within the 50 yuan range. Most major manufacturers’ quotations have stabilized this week, while some manufacturers in Hebei, Anhui, and Jiangsu regions have slightly increased their prices, ranging from 50 to 100 yuan/ton. Shandong’s major manufacturers are bidding for shipments, and the bidding effect is average. The bidding starting price is not adjusted, and overall shipments remain at a normal level. The prices of raw materials and acetic acid have rebounded this week, with an increase of 1.65%. The cost side has slightly improved, and may continue to be transmitted to the terminal in the future. Boost downstream ethyl ester to maintain a strong trend.

Future forecast: Currently, the supply and demand of ethyl acetate are basically balanced, and in the event that short-term fundamentals are difficult to improve, it is expected that the range adjustment will continue next week. It is recommended to pay attention to the operation status of raw material acetic acid and ethyl acetate manufacturers. At present, the mainstream transaction price in the market is between 6700-6900 yuan/ton.