On January 9, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate, with the price increased by 20 yuan/ton to 5,590 yuan/ton. The company's production capacity is 400,000 tons. Upstream acetic acid market conditions are strong, providing favorable cost support. Downstream demand follows on a need basis, and the company's shipments are satisfactory, leading to a consolidation and upward movement in ethyl acetate prices. Note: The above prices are inclusive of tax.
PriceSeek Analysis:
Ethyl Acetate, Bull-Bear Score: 1.5
The spot price of ethyl acetate increased by 20 yuan/ton to 5,590 yuan/ton. Strong upstream acetic acid market conditions provide cost support, while downstream demand follows on a need basis and the company's shipments are good, driving the price consolidation and upward movement. Favorable factors include cost-side support and stable demand, but the increase is relatively small, indicating a relatively strong positive.
Acetic Acid, Bull-Bear Score: 1
Acetic acid market conditions are strong. As the main raw material for ethyl acetate, it provides significant cost support. The strong market conditions may stem from tight supply or improved demand, forming a generally positive outlook for acetic acid spot prices. However, the specific magnitude of price changes is not specified, and subsequent supply-demand dynamics should be monitored.