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[Industry Reports]：The downstream demand of ethyl acetate is weak, the market continues to weaken, and it may continue to decline in the short term.

Read： 219 Time：28months ago Source：

continued to weaken due to weak downstream demand. The supplier Shandong Yankuang started the 400,000-ton annual unit, and the bid price continued to drop. Although the closure of some acetic acid devices makes the center of gravity of acetic acid higher, the benefits of cost are difficult to show. As of June 29, the market price in East China was 7000-7400 yuan tons.

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in June of the

, the market demand was weak, the purchasing demand of downstream factories and distributors was weak, and the demand was flat and orders were reduced, resulting in a slowdown in purchasing strength and limited transaction volume. At present, the market transaction trend is mostly small single and low-end prices, and the overall market demand is still sluggish. Until the final auction of the main factory in Shandong, the market trading atmosphere improved slightly, but there was no obvious fluctuation in the South China market. In the middle of this month, parking at a factory in East China did not produce a significant positive boost. Due to the long shutdown of the Shandong Yankuang mine plant, the supply in North China has decreased, and the manufacturers' transactions are normal, but the rest of the region is relatively light.

Last week, the price of acetic acid continued to rise due to the unexpected shutdown of some acetic acid plants, but the price of ethyl acetate did not follow the trend of raw materials. With the support of cost, the trend of ethyl acetate remained stable. On the 27th of this week, Shandong Yankuang's second unit was restarted. The increase of ethyl acetate resources in the field, the auction price continues to decline, the surrounding market has certain constraints. The manufacturer's quotation continued to decline, coupled with the poor overall upstream demand, the procurement demand remained stable, the focus of market negotiations continued to decline, and the overall market atmosphere was slightly light.

Although the inventory level of

acetic acid plant is not high, the supply is increasing. After the centralized replenishment in the later period, the user's interest in purchasing is low, and the trend of acetic acid at the end is weak. The downstream demand side has now entered the traditional off-season of the ester industry. Overall demand is weak, and procurement is dominated by rigid demand. At present, the market has no obvious positive, it is expected that ethyl acetate or still exist downward space.

Source: Zhongyu Information, Guanghua Trading

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