On the 30th, the high level of domestic ethyl acetate Market stabilized. The high price of raw acetic acid has obvious support for the downstream ethyl ester. The price of the main bidding factories in Shandong remained stable, and the premium transaction boosted market confidence. However, at present, the market is still affected by the epidemic, the shipment in East and North China is still restricted, and the downstream just needs to follow up. The mainstream transaction price in the market is in the range of 8400-8600 yuan / ton.
Future forecast: the business society believes that the domestic ethyl acetate may come out of the downturn with the acetic acid Market in the near future. The market supply and demand maintain a balanced situation. In the short term, we still need to pay attention to the trend of raw material acetic acid, which is bullish, but the upward space needs to be cautious.
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