According to the monitoring of bulk data of business agency, the market of ethyl acetate in East China is stable and weak. As of August 20, the average price of enterprises in East China was about 5642 yuan / ton, down 0.7% from the beginning of the week and 0.76% higher than that at the beginning of the month.
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At present, the domestic ethyl acetate Market as a whole is relatively stable, the spot supply is sufficient, the cost side market operation trend is empty, and the downstream market demand is weak, resulting in the gradual accumulation of enterprise inventory, and the ethyl acetate production enterprises are forced to bid for shipment. At present, East China is about 5500 yuan / ton, North China is about 5450 yuan / ton, and South China is about 5850 yuan / ton.
In the aspect of raw materials, the contradiction between supply and demand in acetic acid market has been intensified. In order to prevent excessive warehouse pressure in the future market, enterprises gradually bid for goods, and market bearish mentality is obvious. Ethanol was stable and soft, and the transaction price of raw corn fell. Some production enterprises in Henan Province resumed normal operation. In a short period of time, the inventory of enterprises increased relatively. Most of the downstream enterprises needed to purchase, and small orders were mainly used.
The overall performance of the international ethyl acetate Market is relatively stable, among which the port price in European market is about 750 euro / ton, and the port price in North American market is about 610-660 US dollars / ton.
According to the analysts of ethyl acetate of business club, the decline of raw material prices has led to the no longer favorable factors in the ethyl acetate Market. The decline in cost is an important reason for the weakness of the ethyl acetate Market. In addition, the demand in the downstream market is flat and the negative factors are superimposed. It is expected that the ethyl acetate Market will decline in a short period of time.
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