According to the Commodity Market Analysis System of Shengyi Society, the ex factory price of ethyl acetate in China was 5623.33 yuan/ton on January 23, which was the same as the previous trading day’s price. The cost support is relatively weak, downstream demand follows up, and suppliers have a wait-and-see attitude before the holiday. The price of ethyl acetate is running steadily.

Market analysis: The market for ethyl acetate remains stable. On the raw material side, the price of acetic acid is running weakly, and there is insufficient cost support; On the demand side, downstream domestic demand replenishment has increased, export orders have increased, and the overall market trading atmosphere is still acceptable; The enterprise adopts a wait-and-see attitude and the quotation runs smoothly.

In the future, the market for ethyl acetate raw materials will weaken, with negative news affecting the supply side and manufacturers’ export markets. Sales pressure is not high, and domestic downstream stocking is coming to an end. On site demand is limited, and it is expected that the price of ethyl acetate will continue to operate steadily before the holiday. Specific attention should be paid to changes in the upstream market and downstream follow-up.