According to the Commodity Market Analysis System of Shengyi Society, as of the 21st, the price of ethyl acetate was 5623.33 yuan/ton, a decrease of 0.30% compared to the price of 5640.00 yuan/ton on February 15th, and a decrease of 0.12% from the beginning of the month. The utilization rate of supply side production capacity has increased, downstream demand performance is insufficient, the market supply is strong and demand is weak, and the ethyl acetate market is consolidating and declining.

This week, the operating rate of domestic ethyl acetate plants has increased, the supply of market goods has increased, the prices of raw materials continue to rise, and cost pressure continues to increase. However, downstream production of ethyl acetate is not high, and demand performance is weak. In order to maintain shipments, enterprises have lowered their prices for ethyl acetate, resulting in poor on-site trading and weak operation of the ethyl acetate market.

In the future, some enterprises plan to increase the load of their ethyl acetate facilities, and the utilization rate of on-site production capacity will continue to increase. The pressure on market supply of goods will increase, and downstream factories will not start operating enough. Market demand is limited, and it is expected that the price of ethyl acetate will continue to be weak in the short term. Specific attention should be paid to changes in supplier facilities and downstream follow-up situations.