On January 29, Yankuang Guotai Chemical Co., Ltd. maintained normal operation of ethyl acetate production. The price of ethyl acetate was lowered by 30 yuan/ton, with the current quotation at 5,580 yuan/ton. The manufacturer's plant has a capacity of 400,000 tons. Upstream acetic acid prices experienced a partial decline, while downstream demand remained primarily need-based. The company's shipments were moderate, leading to a downward adjustment in ethyl acetate prices. Note: The above prices include taxes.
PriceSeek Analysis of Ethyl Acetate, Bull-Bear Score: -1
The article indicates that the price of ethyl acetate decreased by 30 yuan/ton to 5,580 yuan/ton. The partial decline in upstream acetic acid prices weakened cost support for production. Downstream demand remained need-based, and the company's shipments were moderate. Market supply was sufficient, but procurement activity was sluggish, resulting in a downward adjustment in prices. This reflects pressure from supply-demand imbalance in the spot market, with both cost and demand sides presenting bearish factors. The score is generally bearish (-1).
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