The price of domestic ethyl acetate fell this week (August 16-20). This week continued the downward trend of the previous two weeks. Most domestic manufacturers reduced this week, stabilized slightly at the weekend, and most manufacturers stopped falling. According to the monitoring of business society, the price of ethyl acetate fell by 0.89% this week, and the current price is in the range of 8100-8400 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. However, the price of acetic acid rebounded slightly this week. According to the monitoring of business society, acetic acid rose by 0.55% this week, but the downstream response is not timely. Ethyl acetate may recover due to the impact of cost promotion next week. The supply of acetic acid is mainly affected by the plant shutdown of manufacturers in Tianjin and the load reduction of large factories in Shandong. The tightening of supply stimulates the price rebound. However, at present, there is still insufficient buying interest in the downstream. The price changes in East China, South China and North China markets are generally small, and most of them are stable.

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. This week, the supply of goods in South China was sufficient, resulting in the loss of some export sales in East and North China. In addition, since August, due to regional transportation restrictions, the shipment speed of manufacturers has slowed down significantly, and large manufacturers have exchanged price for quantity. 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 with the end of the line, the domestic epidemic situation is slightly better than that in the previous period, and the transportation restrictions are gradually opened up, the demand will slowly stabilize, superimposed with the rebound in the price of acetic acid in the upstream, and ethyl acetate may recover in the near future. However, it is still affected by the off-season of the market, and the price of ethyl acetate may still stabilize, which is unlikely to rebound sharply.