According to the monitoring of bulk data from the business agency, at present, the ethyl acetate Market in East China is in a strong operation. As of June 28, the average price of enterprises in East China is about 5467 yuan / ton, 2.2% higher than that of June 10, and 0.78% higher than that of the same period last month.

The domestic ethyl acetate Market is in a strong operation. Due to the good support of the cost side ethanol price, the insufficient compression of the profit space of ethyl acetate, as well as the good intention of the downstream and traders to replenish goods after the Dragon Boat Festival, the price of ethyl acetate is rising. At present, the overall operating rate of domestic ethyl acetate Market is 40-50%, and the inventory of enterprises is relatively sufficient, so the spot supply in the market is stable.

In terms of raw materials, the acetic acid market remained stable as a whole, and some enterprises increased slightly. Due to the fact that some enterprises have not yet fully resumed production, the spot supply in the market is tight, the inventory of enterprises has gradually declined, and the replenishment situation before and after the Dragon Boat Festival holiday, the industry’s trading performance is positive. In terms of ethanol, affected by the high turnover rate and high premium rate of four consecutive auctions of temporary storage corn, the current corn spot market continues to maintain a stable, moderate and strong situation, thus the corn ethanol market price continues to rise. The ethanol market in various regions has increased to varying degrees. The inventory status in some regions and the operation rate of enterprises’ devices are relatively low, which will still pull the market up to a certain extent in the future.

On the international side, the supply of international ethyl acetate is tight, coupled with the strong price of raw materials, and the two-way favorable support, the market of ethyl acetate is running steadily. Among them, the port price in Europe is about 800 euros / ton, and that in North America is about 600 dollars / ton.

According to the ethyl acetate analyst of the business association, the downstream market demand after the Dragon Boat Festival is flat, while the spot supply of ethyl acetate is stable, and the demand end support is insufficient, so it is necessary to continue to observe the market trend of raw materials acetic acid and ethanol.