January 6th News: On January 6th, Yankuang Guotai Chemical Co., Ltd. maintained normal ethyl acetate operations, with prices increasing by 10 yuan/ton. The current quoted price is 5,570 yuan/ton, and the manufacturer's plant capacity is 400,000 tons. Upstream acetic acid market conditions are strong, providing solid cost support. Downstream demand is moderate, and the company's shipments are satisfactory. Ethyl acetate prices are consolidating and trending upward. Note: The above prices are inclusive of tax.
Chempricehub Analysis:
Ethyl Acetate, Bull-Bear Score: 1
The article indicates that ethyl acetate prices have increased by 10 yuan/ton to 5,570 yuan/ton. Strong upstream acetic acid market conditions provide cost support, while downstream demand is moderate but company shipments are satisfactory, leading to a consolidation and upward trend in prices. This suggests reduced cost-side pressure and stable supply, forming a generally positive impact on ethyl acetate spot prices. It is expected that prices may continue to rise moderately in the short term.
Acetic Acid, Bull-Bear Score: 1
As an upstream raw material for ethyl acetate, acetic acid market conditions are strong, and cost support is solid. Increased production demand for ethyl acetate may drive acetic acid consumption, benefiting acetic acid spot prices. It is expected that prices will remain stable with a potential upward trend in the short term.