In October, the market for ethyl acetate showed a weak downward trend. According to the Commodity Market Analysis System of Shengyi Society, as of October 31, the average production price of ethyl acetate was 5933.33 yuan/ton, a decrease of 133.34 yuan/ton compared to the beginning of the month price of 6066.67 yuan/ton, with an overall decline of 2.20%. The main reason for the decrease in ethyl acetate prices is due to insufficient demand support, weak market trading, a decline in raw material prices, and a bearish attitude from suppliers.

Market analysis: This month, the market price of ethyl acetate has continued to decline. Returning from the National Day holiday, due to an increase in downstream replenishment demand and a positive market boost, the price of ethyl acetate has slightly increased; Afterwards, as demand weakened, the trading atmosphere in the market was poor, and manufacturers’ shipments were not smooth, leading to a decrease in quotes from major factories. At the same time, the upstream raw material market was weak and weak, with a negative cost outlook, and prices were transmitted to the end market, resulting in sluggish downstream buying sentiment and continuous decline in ethyl ester prices.

According to the Business Society Acetic Acid Commodity Market Analysis System, as of October 31st, the price was 2850 yuan/ton, a decrease of 12.31% compared to the acetic acid price of 3250 yuan/ton at the beginning of the month. The raw material side acetic acid market continues to decline, with weak cost support, which has a negative impact on ethyl acetate.

Looking at the future market, the price of ethyl acetate continues to decline, and downstream purchases follow suit according to demand. The price of raw material acetic acid is weak, which provides insufficient support for the ethyl acetate market and lacks market benefits. It is expected that the ethyl acetate market will consolidate and operate weakly in the future. It is recommended to pay attention to the price execution of raw material acetic acid and ethyl acetate manufacturers.