On January 6, Yankuang Guotai Chemical Co., Ltd.'s ethyl acetate operation was running normally, with the price increased by 10 yuan/ton, and the current quotation is 5,570 yuan/ton. The manufacturer's plant capacity is 400,000 tons. The upstream acetic acid market is relatively strong, providing good cost support. Downstream demand is average, but the company's shipments are acceptable. The price of ethyl acetate is consolidating and rising. Note: The above prices are tax-inclusive.
PriceSeek Analysis:
Ethyl Acetate, Bull-Bear Score: 1
The article shows that the price of ethyl acetate increased by 10 yuan/ton to 5,570 yuan/ton. The strong upstream acetic acid market provides cost support, while downstream demand is average, but the company's shipments are acceptable, and the price is consolidating and rising. This indicates reduced cost pressure and stable supply, forming a generally positive impact on the spot price of ethyl acetate. It is expected that the price may continue to rise moderately in the short term.
Acetic Acid, Bull-Bear Score: 1
As the upstream raw material of ethyl acetate, the acetic acid market is relatively strong, and cost support is good. The increased demand for ethyl acetate production may drive acetic acid consumption, benefiting the spot price of acetic acid. It is expected that the price will remain stable or rise slightly in the short term.