After the festival (2.7-11), the domestic ethyl acetate market fell. According to the statistics of the business society, the decline this week was 0.97%, mainly due to the lower cost of acetic acid raw materials, the stable operation and sufficient supply of main factories, the superposition of large factories to reduce the quotation, and the market was bearish. At the weekend, the price of ethyl acetate was in the range of 8300-8500 yuan / ton.

First of all, in terms of cost, domestic acetic acid fell sharply this week. According to the monitoring of business society, the weekly decline of acetic acid in East China was 5.76%. After the festival, the supply of domestic acetic acid enterprises was sufficient, especially the 700000 T / a acetic acid plant in Guangxi Huayi phase II was successfully put into operation, and the market supply increased, resulting in the situation of oversupply. Acetic acid brought cost repression, and the ethyl acetate Market was dragged down.

From the above figure, the price comparison chart of acetic acid and ethyl acetate shows that they basically maintain the same trend, but the price performance of acetic acid is weak and the curve is close, indicating that the profits of downstream ethyl acetate enterprises are still improving.

In addition, from the perspective of ethyl acetate supply, the operating rate of ethyl acetate after the festival has increased. Previously, the resumption of driving of large factories in Jiangsu after the festival has brought stable supply. At present, ethyl acetate has formed a pattern of oversupply.

On the demand side, the downstream demand starts slowly after the festival, and most downstream factories have not started. Although dealers have entered the market one after another, the overall market trading is general. North China is mainly affected by the Winter Olympic Games, there are many restrictions on transportation, and most market people are bearish on the future market.

In the future, the ethyl acetate analyst of business society believes that the current market of ethyl acetate is weak and the market supply and demand remains weak and stable. However, the current market demand is weak and constrained by the cost in the short term, so it is expected that the ethyl acetate Market will still be difficult to improve.