April 21 News: On April 21, Yankuang Guotai Chemical Co., Ltd. maintained normal operation of its ethyl acetate production. The current quoted price is 6,750 yuan/ton, representing a decrease of 100 yuan/ton. Actual transactions are subject to negotiation. The manufacturer's plant capacity is 400,000 tons. Note: The above price is inclusive of tax.
Chempricehub Analysis of Ethyl Acetate, Bull-Bear Score: -1
Yankuang Guotai Chemical's price reduction of 100 yuan/ton to 6,750 yuan/ton indicates ample market supply or weak demand, exerting downward pressure on spot prices. With the manufacturer's 400,000-ton capacity operating normally and actual transactions being negotiation-based, it suggests increased buyer bargaining power, which may further depress spot transaction prices. This reduction (approximately 1.46%) reflects short-term bearish factors but does not reach extreme levels, hence the score is rated as generally bearish.
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