This week (11.15-19), the domestic ethyl acetate Market retreated after rising, and the price fell this week. However, the range is not large. According to the monitoring of business society, the decline is 1.11%. The upstream acetic acid price began to loosen in the middle of the week, and the cost support weakened. In addition, most of the manufacturers’ devices started normally. Except for the device maintenance of a large plant in Shandong since last month, the devices of mainstream manufacturers are basically normal and the output is stable. Due to the impact of low demand, the delivery speed is weakened and the inventory pressure begins to appear, resulting in the loosening of the price of ethyl acetate. The current price is in the range of 9400-9700 yuan / ton.

First of all, in terms of the upstream acetic acid market, the acetic acid market has continued to rebound since November, but this week, the rebound has basically come to an end. From the middle of the week, the acetic acid price began to loosen. The production and sales of main factories in Shandong are normal, but the overall trading of the market is general, and the focus of negotiation is lower. The main reason is that the overall start-up of acetic acid manufacturers remains high, the operation of mainstream large plants is stable, and individual load reduction is the main factor, with little impact. The disappearance of good cost brought down expectations to the downstream ethyl acetate.

In addition, from the perspective of ethyl acetate supply, first of all, on the supply side, the supply of ethyl acetate has little change compared with last week, and the main factories have basically started stably. For example, the shutdown of jinyimeng unit has limited impact on the output. Affected by weak demand, the manufacturer’s shipment strength decreased slightly, and the increase of inventory suppressed the price.

On the demand side, the market demand is stable and small. In the early stage, affected by the improvement of demand, the price of ethyl acetate rebounded. However, this week, I heard that the air pollution in Shandong and Hebei was serious, and some production and transportation were limited due to the impact of the Beijing Winter Olympic Games. Therefore, some demand was restrained, which is an important reason for the decline of the price of ethyl acetate.

In the future, the ethyl acetate analysts of business society believe that there is little change in the supply and demand of ethyl acetate at present. If the price of acetic acid continues to decline, ethyl acetate may still fall, but the range will not be too large, mainly in a narrow range.