This week (3.15-19), after peaking last week, the domestic ethyl acetate Market eased slightly this week. According to the monitoring of business society, the production price of ethyl acetate in East China was 8875 yuan / ton, with a decline of 0.56% this week.

In terms of the upstream acetic acid market, the trend of acetic acid going out peaked. The prices in East China, North China and other regions declined slightly. In Anhui Province, large plants resumed production, production increased slightly, supply side was bad, manufacturers’ inventory pressure generally increased, quotation was loose, and the market price fell.

This week, the domestic market of ethyl acetate softened. On the one hand, affected by the repair and production of large plants and the increase of supply, the manufacturers gradually accumulated the stock and increased the pressure. Some manufacturers, such as Jiangyin Baichuan, loosened the price. In addition, the terminal performance is not good, downstream orders decline, scattered small solitary. However, the demand of downstream terminals continued to disperse, and small orders were mainly purchased, while East China, North China and South China all declined to varying degrees.

In the future, due to the short-term supply pressure, the price of ethyl acetate is easy to fall but difficult to rise. However, after the overhaul of jinyimeng plant this week, the supply pressure will be relieved in the later stage, and the market decline space is limited.