This week (11.29-12.3), the domestic ethyl acetate market continued to decline and the decline deepened. According to the monitoring of business society, the weekly decline of ethyl acetate was 2.11%, mainly due to the continuous decline of raw material acetic acid price, which dragged down the downstream ethyl acetate Market. In addition, the quotations of major domestic manufacturers continued to decline during the week, the starting price of Yankuang auction was repeatedly reduced, and the transaction price was not ideal. The weekend price is in the range of 9000-9400 yuan / ton.

First, in terms of cost, domestic acetic acid fell sharply this week, down 8.22%. Most acetic acid plants operate normally, the manufacturer’s inventory is accumulated, the supply of goods in the market is sufficient, the downstream demand continues to be purchased rationally, and the traders negotiate the shipment. The acetic acid enterprises adjust the quotation according to their own shipment situation, the actual transaction price is constantly reduced, and the on-site mentality is mainly wait-and-see. The sharp drop in acetic acid price further lowered the focus of downstream ethyl ester trading.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that in late November, the curve crossed, and the decline of ethyl acetate was slower than that of upstream acetic acid, indicating that the profits of ethyl acetate manufacturers continued to improve.

In addition, from the perspective of ethyl acetate supply, the overall supply of ethyl acetate was sufficient this week, and the inventory of large domestic factories was still high. In order to reduce the pressure of inventory arrangement, the main large factories lowered their prices repeatedly. The range is 200-300 yuan / ton. Social inventory pressure is also high, mainly due to the weak downstream demand caused by the seasonal off-season.

From the demand side, the domestic downstream demand for acetic acid has not improved much this week. Some downstream industries have entered the traditional off-season, and the superposition of environmental protection policies has affected some downstream purchase demand. Ethyl acetate only maintained the just needed shipment, and the delivery speed of the manufacturer further slowed down.

In the future, ethyl acetate analysts of business society believe that the recent cost acetic acid market may continue to be negative, especially affected by the off-season demand, the short-term short-term pattern of supply and demand remains unchanged, and the price of ethyl acetate is expected to remain at the bottom.