According to the Commodity Market Analysis System of Shengyi Society, as of August 31st, the average production price of ethyl acetate was 5380.00 yuan/ton, a decrease of 66.67 yuan/ton compared to the beginning of the month price of 5446.67 yuan/ton, with an overall decline of 1.22%. Due to the sustained weak downstream demand, slow market consumption, significant supply side pressure, weak mentality of industry players, and ongoing supply-demand contradictions, the price of ethyl acetate has been weakly declining.

Market analysis: This month, the ethyl acetate market has fluctuated downward. At the beginning of the month, raw material prices fell and downstream demand was weak. Affected by bearish sentiment, the price of ethyl acetate weakened. Although some export orders supported the slight increase in ethyl ester prices, the overall follow-up of the demand side was insufficient, and downstream support was limited. The ethyl ester market continued to operate weakly. In the latter half of the month, the Henan plant was shut down, and market supply expectations decreased. Some manufacturers’ quotations rose, but due to the lack of improvement in demand, the price at the end of the month was lowered again.
According to the Business Society Acetic Acid Commodity Market Analysis System, as of August 31st, the price was 2420.00 yuan/ton, an increase of 0.83% compared to the acetic acid price of 2400.00 yuan/ton at the beginning of the month. The price trend of acetic acid first fell and then rose, and the cost pressure of ethyl acetate increased. Downstream entry into the market was mainly based on demand, and the utilization rate of acetic acid production capacity on the supply side decreased. The market sentiment was optimistic, and the price of acetic acid tended to be strong and rise.
Looking at the future, the utilization rate of ethyl acetate production capacity has slightly decreased recently, with some support from the supply side. Downstream customers are following up on demand, and market transactions are flat. With the arrival of the traditional peak season, the market may improve. It is expected that the ethyl acetate market will fluctuate and consolidate in September, with a slight increase in prices. Specific attention should be paid to changes in supplier equipment and downstream follow-up.