In April, the market situation of ethyl acetate was weak and downward, and the price trend continued to decline. According to the Commodity Market Analysis System of Business Society, as of April 30th, the average production price of ethyl acetate was 6260.00 yuan/ton, a decrease from the beginning of the month price of 6433.33 yuan/ton, with an overall decline of 2.69%. The main reason for the bearish performance of cost demand.

Market analysis: Within the month, the supply and demand of ethyl acetate market continued to be weak. On the 11th, due to the rise in raw material acetic acid prices, the price of ethyl acetate was slightly increased. However, due to the overall weakness of the ethyl acetate market and limited positive support, the price of ethyl acetate continued to decline. The high utilization rate of production capacity on the supply side has put pressure on supplier shipments, and the retail prices of Shandong’s main factories have continued to decline, suppressing market confidence; In terms of demand, terminal consumption is slow, downstream purchases are followed up on demand, and the demand side continues to be bearish.

According to the analysis system of the acetic acid market of Shengyishe, as of April 30th, the price of acetic acid was 3250 yuan/ton, an increase of 4.84% compared to the price of acetic acid on April 1st, which was 3250 yuan/ton. The price of acetic acid on the raw material side first rose and then fell, with limited cost support. In the latter half of the year, the acetic acid market continued to spread to the terminal, affecting the weak trend of downstream ethyl ester.

In the future, the price of ethyl acetate has fallen to a relatively low level, and downstream may have the intention to replenish at a low price. It is expected that the price will rise in the future. However, considering the weak supply and demand of ethyl acetate and the difficulty in improving long-term fundamentals, the ethyl acetate market will maintain a low consolidation. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers.