In October, domestic ethyl acetate reversed the rise of last month, and the price fluctuated downward. The price of upstream acetic acid continued to decline after the festival, with a deep decline and weakened cost support. In addition, the main enterprises resumed production and local supply increased, resulting in oversupply in the market. After superposition, the price has reached a high point, and the callback is inevitable. According to the monitoring of business society, ethyl acetate decreased by 3.97% in October, and the current price is in the range of 9400-9800 yuan / ton.

First of all, according to the upstream acetic acid market, the price of acetic acid fell in October. According to the monitoring of business society, the decline of acetic acid was 24.5%. Domestic acetic acid enterprises have more devices, stable operation and increased inventory, while the downstream is affected by limited power production, the downstream operation is low, there is no significant increase in market demand, the market purchase is still rational, and the on-site trading is light, resulting in the continuous increase of acetic acid inventory. In addition, the market source consumption is slow, and the quotation of domestic acetic acid enterprises is constantly reduced in order to maintain shipment.

In addition, from the perspective of ethyl acetate supply, firstly, at the supply end, the supply of ethyl acetate increased significantly compared with the previous month, mainly due to the resumption of production of main manufacturers in Shandong. At the same time, Anhui and Jiangsu plants have also resumed production one after another. The supply expectation has amplified the market bearish effect, and the market has changed from short supply before the festival to oversupply.

On the demand side, the market demand has not improved much except for the normal rigid demand, and the downstream goods preparation before the festival also leads to more cautious delivery after the festival. In addition, the downstream industries are affected by power rationing, and the demand is weaker. This became the last straw to crush the price of ethyl acetate.

In the future, the ethyl acetate analysts of business society believe that the current ethyl acetate Market has sufficient supply, and it is expected that the downstream will be difficult to return to normal in the short term. Therefore, the oversupply in the market will continue for some time, so the price of ethyl acetate is easy to fall and difficult to rise. However, considering that the current price has reached a relatively low level, the downward space in the later stage is also limited.