January 23 — On January 23, Jiangsu Bichuan High-tech Advanced Materials Co., Ltd. quoted the ex-warehouse price of ethyl acetate at 5,300 yuan/ton, an increase of 50 yuan/ton. Upstream acetic acid prices fluctuated within a narrow range, while downstream ethyl acetate buyers made purchases based on demand. With limited inventory pressure on enterprises, the price of ethyl acetate consolidated and moved upward. Note: The above prices are inclusive of tax.
Chempricehub Analysis of Ethyl Acetate, Bull-Bear Score: +1
The article indicates that the ex-warehouse price of ethyl acetate increased by 50 yuan/ton to 5,300 yuan/ton. Upstream acetic acid prices fluctuated within a narrow range, providing cost support. Downstream buyers made purchases based on demand, maintaining stable demand, and enterprises faced limited inventory pressure, collectively driving the price to consolidate and move upward. This suggests a relatively tight market supply, which is favorable for the spot price of ethyl acetate. The score is +1 (moderately bullish), as the price increase is moderate, and fundamental support persists but is not a strong driving factor.