This week (10.28-10.31), the domestic price of ethyl acetate continued to decline. According to the Commodity Market Analysis System of Shengyi Society, as of the 31st, the price of ethyl acetate was 5933.33 yuan/ton, a decrease of 1.49% compared to the beginning of the week price of 6023.33 yuan/ton. The main reason for the weak downstream demand, the decline in raw material prices, and the obvious bearish sentiment in the market have led to a weak downward trend in the ethyl acetate market.

The market for ethyl acetate has continued to decline this week. During the week, there was insufficient follow-up on downstream demand, causing manufacturers to block shipments and accumulate inventory. The main factory, ethyl acetate, lowered its quotation, while raw material prices remained weak, resulting in a negative impact on the cost side. This transmitted to the end market and reduced downstream buying, resulting in limited actual transactions on the market and a shift in the focus of ethyl acetate trading.

Looking at the future market, the upstream of ethyl acetate continues to decline, with weak cost support and a wait-and-see attitude in the downstream. They follow up on demand when entering the market, but lack sufficient support for ethyl acetate. Manufacturers’ shipments are not smooth, inventory pressure continues to increase, and there is a lack of favorable market conditions. It is expected that the price of ethyl acetate will remain weak in the short term, and we will pay specific attention to changes in the upstream market and downstream follow-up.