March 12th News: On March 12th, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate, with the current quoted price at 6,900 yuan/ton, a decrease of 70 yuan/ton. Actual transactions are primarily subject to negotiation. The manufacturer's plant has a capacity of 400,000 tons. Note: The above prices are inclusive of tax.
Chempricehub Analysis of Ethyl Acetate, Bull-Bear Score: -1
The article indicates that the quoted price for ethyl acetate has decreased by 70 yuan/ton to 6,900 yuan/ton, suggesting ample supply or weak demand in the spot market, leading to a price decline. The manufacturer's plant is operating normally with a capacity of 400,000 tons, ensuring stable supply without disruptions. However, actual transactions being primarily subject to negotiation implies increased buyer bargaining power, further intensifying downward pressure on prices. Therefore, the score is generally bearish (-1), and it is expected that short-term spot prices may continue to face downward pressure.
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