On February 2, Yankuang Guotai Chemical Co., Ltd.'s ethyl acetate plant operated normally, with the price reduced by 40 yuan/ton to 5,540 yuan/ton. The company's plant capacity is 400,000 tons. Upstream acetic acid market showed weak consolidation, downstream buyers made purchases based on demand, and the company's shipments were moderate, leading to a weak decline in ethyl acetate prices. Note: The above prices are inclusive of tax.

PriceSeek Analysis:
Ethyl Acetate, Bull-Bear Score: -1
The article indicates that the spot price of ethyl acetate decreased by 40 yuan/ton to 5,540 yuan/ton, mainly due to weak upstream acetic acid market conditions, which weakened cost support. At the same time, downstream demand was based on need, and the company's shipments were moderate, resulting in a relatively loose supply-demand balance and a weak decline in prices. This reflects ample market supply but weak demand, exerting a generally bearish impact on spot prices. It is expected that prices may continue to face downward pressure in the short term.

Acetic Acid, Bull-Bear Score: -1
The article mentions that the upstream acetic acid market showed weak consolidation, indicating a loose supply-demand balance in the acetic acid market, with prices likely facing downward pressure. As a raw material for ethyl acetate, weak acetic acid prices would affect the cost structure of the industrial chain, exerting a generally bearish impact on spot prices. It is expected that acetic acid prices may remain weak in the short term.