According to the monitoring of the bulk data of the business agency, affected by the favorable support from the cost side, the market of ethyl acetate rose at a high level. As of December 9, the average price of enterprises in East China was about 7600 yuan / ton, up 11.23% compared with the beginning of the month and 15.02% higher than the same period of last month.
At present, the domestic ethyl acetate market continues to be strong. The prices of acetic acid and ethanol at the raw material end are running at a high level. The cost side support is favorable. The production enterprises push up the price of ethyl acetate. The overall purchasing of the downstream market is relatively flat, and the demand is mainly on demand. There is a certain resistance to the high price of ethyl acetate. At present, there are about 7900 yuan / ton in East China, 7650 yuan / ton in North China and 8100 yuan / ton in South China.
In terms of raw materials, the acetic acid market continued to rise, reaching the highest price in the year. Some regions broke through the 5000 yuan / ton mark. The overall market supply tension continued, and the supply gap was difficult to make up in a short time. After the rain and snow, grain prices in Northeast China rose again, and the domestic corn market as a whole entered the stage of long space game, while the demand for liquor in the downstream was mainly from rigid demand. At present, ethanol in East China was about 6925 yuan / ton.
The international market price of ethyl acetate has been rising steadily. The port price in European market is about 1200-1400 euro / ton, and the port price in North America is about 780 US dollars / ton.
The ethyl acetate analysts of the business club believe that the high price of raw material acetic acid is the basis for supporting the stable operation of the ethyl acetate Market. In order to prevent the increase of future market storage pressure, the production enterprises are more stable in shipping, and the transaction in the downstream market is flat and mainly wait and see. It is expected that the ethyl acetate Market will run at a high level in a short period of time.
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