December 30th News
On December 30th, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate, with prices reduced by 20 yuan/ton. The current quoted price is 5,590 yuan/ton, and the manufacturer's production capacity is 400,000 tons. The upstream acetic acid market remained largely stable with minor fluctuations, facing significant cost pressures. Downstream demand was moderate, and the company's shipments were limited, leading to a continued decline in ethyl acetate prices. Note: The above prices are inclusive of taxes.
Chempricehub Analysis
Ethyl Acetate, Bull-Bear Score: -1
Prices decreased by 20 yuan/ton to 5,590 yuan/ton, continuing the downward trend. Upstream acetic acid faced significant cost pressures, but downstream demand was moderate, and the company's shipments were limited, increasing the risk of oversupply and negatively impacting spot prices.
Acetic Acid, Bull-Bear Score: 0
The upstream acetic acid market remained largely stable with minor fluctuations, with significant cost pressures. However, demand performance was moderate, failing to trigger significant price fluctuations, resulting in a neutral impact on spot prices.