March 10 — On March 10, Yankuang Guotai Chemical Co., Ltd. maintained normal operation of its ethyl acetate unit, with the current offer at 6,650 yuan/ton, up by 450 yuan/ton. Actual transactions are subject to negotiation. The plant has a production capacity of 400,000 tons. Note: The above price is inclusive of tax.
Chempricehub Analysis of Ethyl Acetate, Bull-Bear Score: 2
The spot price of ethyl acetate has been significantly raised by 450 yuan/ton to 6,650 yuan/ton, indicating a notable increase. This suggests tight market supply and demand or rising demand. Yankuang Guotai’s unit is operating normally with a capacity of 400,000 tons, but the price hike reflects bullish sentiment, constituting a significant positive impact on spot prices.