According to the monitoring of the bulk data of the business agency, the domestic ethyl acetate Market rose sharply this week. As of October 16, the average price of enterprises in East China was about 6005 yuan / ton, up 3.94% compared with the beginning of the week and 6.14% higher than the same period of last month.
After the National Day Mid Autumn Festival holiday, the overall inventory of domestic ethyl acetate Market decreased significantly. In addition, some enterprises reduced the burden of maintenance, resulting in tight market supply, increased downstream market demand, strong cost support, and the ethyl acetate Market increased significantly. At present, East China is about 6000 yuan / ton, North China is about 5900 yuan / ton, and South China is about 6300 yuan / ton.
In terms of raw materials, the overall inventory of acetic acid market was low, and Jiantao in Hebei Province stopped for a short time within the week, which aggravated the tense situation of market supply. In addition, the market demand increased, and the price of acetic acid continued to rise. The price of corn for ethanol is still at a high level, and there is not much supply in the market. However, the downstream market is resistant to the high price of ethanol and will remain stable in a short time. At present, ethanol in East China is about 6500 yuan / ton.
The international market price of ethyl acetate is strong, and the port price in European market is about 820-850 euro / ton, and that in North America is about 700 US dollars / ton.
According to the ethyl acetate analysts of the business club, the domestic ethyl acetate Market is tight, the downstream terminal demand is better, and the support from the cost side is strong, and multiple favorable factors support the price of ethyl acetate.