Business news on April 21

1、 Price trend

According to the bulk data monitoring of the business agency, the domestic ethyl acetate Market has been running steadily. As of April 21, the ex factory price of ethyl acetate of East China enterprises was about 5175 yuan / ton, 4.02% higher than that at the beginning of April.

2、 Cause analysis

Product: at present, the domestic ethyl acetate Market is in a weak and stable operation. Due to the low demand in the downstream market, the overall market trading is weak. However, due to the strong price of raw materials acetic acid and ethanol, the cost side is well supported, the ethyl acetate Market is in a stable operation, and the downstream market just needs to be purchased. At present, the price in East China is about 5150-5200 yuan / ton, in North China 4950-5150 yuan / ton, and in South China 5300-5400 yuan / ton

Industry chain: in the upstream, affected by the centralized maintenance information of the device, the price of acetic acid market continues to rise, and the market trading is gradually active, which is good for the support of ethyl acetate; the ethanol market continues to rise, with high production cost and tight market supply. At present, the quotation in East China is about 5300-5350 yuan / ton.

International: the international ethyl acetate market fluctuated and adjusted, with European ports at about 1000 US dollars / ton and North American ports at about 570 US dollars / ton.

3、 Future forecast

According to the analyst of ethyl acetate of business association, although the terminal demand recovery is slow at present, the cost end continues to rise, the enterprise has the sentiment of exploring the rise, and the downstream market mainly purchases the rational and rigid demand. It is expected that the price of ethyl acetate will rise steadily in a short period of time, but the increase is limited.

(source: Business Club)