On January 4, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate. During the holiday period, the price was reduced by 30 yuan/ton, with the current quotation at 5,560 yuan/ton. The manufacturer's plant capacity is 400,000 tons. The upstream acetic acid market is relatively strong, leading to significant cost pressure. Downstream demand is moderate, and the company's shipments are limited, resulting in a weak downward trend in ethyl acetate prices. Note: The above prices include tax.
PriceSeek Analysis
Ethyl Acetate, Bull-Bear Score: -1.5
The article indicates that the price of ethyl acetate decreased by 30 yuan/ton to 5,560 yuan/ton. Moderate downstream demand has limited the company's shipments, leading to a weak downward trend in prices. Despite the strong upstream acetic acid market, which brings cost pressure, weak demand dominates the market, putting downward pressure on spot prices. A score of -1.5 reflects a moderate to significant bearish outlook, as insufficient demand may continue to suppress prices.
Acetic Acid, Bull-Bear Score: +1.5
The article mentions that the upstream acetic acid market is relatively strong, with significant cost pressure, indicating tight supply or rising demand for acetic acid, which is favorable for its spot price. As a raw material for ethyl acetate, the strong price of acetic acid may support its market performance. A score of +1.5 reflects a moderate to significant bullish outlook, as the strong market conditions suggest short-term upward price potential.