According to the monitoring of the bulk data of the business agency, the market of ethyl acetate in October overlapped with good news, and the price rose sharply in the month. As of October 28, the average price of enterprises in East China was about 6532 yuan / ton, an increase of 13.12% compared with the beginning of the month.
The domestic ethyl acetate market continued to rise this month, mainly affected by two aspects: on the one hand, the prices of raw materials acetic acid and ethanol were running at a high level, and the cost side support was good; on the other hand, due to the strong demand in the downstream end market, the market supply was in short supply, and the enterprises had a strong intention to support prices. At present, it is about 6650 yuan / ton in East China, 6500 yuan / ton in North China and 6700 yuan / ton in South China.
In terms of raw materials, the acetic acid market showed a strong performance, the supply and demand in the industry was in a tight balance state, domestic demand and export orders increased significantly, enterprise inventory dropped to a low level, and enterprises gradually increased the ex factory prices. The ethanol market is strong and upward, corn prices continue to rise, and the production costs of manufacturers have increased significantly. Some enterprises in the industry have caused the market supply to decline due to the maintenance of some enterprises. Under the situation that there are not many spot stocks in the market, the price of ethanol continues to rise. At present, ethanol in East China is about 6887 yuan / ton.
The international market price of ethyl acetate is stable. At present, the port price in European market is about 840-880 euro / ton; in North America, the port price is about 740 US dollars / ton.
According to the ethyl acetate analysts of the business club, there are many favorable supports for the domestic ethyl acetate Market, and the short-term favorable factors still exist. Although the price of ethyl acetate has reached a high level, the terminal purchase is still good. With the continuous decline of enterprise inventory, the manufacturers have good intention to support the price, and it is expected that the price of ethyl acetate will be stable in a short period of time.
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