February 2nd News — On February 2, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate, with the price reduced by 40 yuan/ton to 5,540 yuan/ton. The company's production capacity is 400,000 tons. Upstream acetic acid market showed weak consolidation, while downstream buyers made purchases based on demand. Enterprise shipments were moderate, leading to a weak decline in ethyl acetate prices. Note: The above prices are inclusive of tax. Chempricehub Analysis: Ethyl Acetate, Bull-Bear Score: -1 The article indicates that the spot price of ethyl acetate decreased by 40 yuan/ton to 5,540 yuan/ton. This decline is primarily attributed to the weak upstream acetic acid market, which weakened cost support. Additionally, downstream demand was based on necessity, and enterprise shipments were moderate, resulting in a relatively loose supply-demand balance and a weak price decline. This reflects ample market supply but weak demand, exerting a generally bearish impact on spot prices. It is expected that prices may continue to face downward pressure in the short term. Acetic Acid, Bull-Bear Score: -1 The article mentions that the upstream acetic acid market showed weak consolidation, indicating a loose supply-demand balance in the acetic acid market, with prices likely facing downward pressure. As a raw material for ethyl acetate, weak acetic acid prices affect the cost structure of the industrial chain, exerting a generally bearish impact on spot prices. It is expected that acetic acid prices may remain weak in the short term.