April 15th — On April 15th, Jiangsu Baichuan High-Tech Advanced Materials Co., Ltd. adjusted the ex-warehouse price of ethyl acetate to 7,100 yuan/ton, a decrease of 600 yuan/ton. Market sentiment remains bearish, with companies significantly lowering their quoted prices. Actual transactions are subject to negotiation. Note: The above prices include tax.
Chempricehub Analysis of Ethyl Acetate, Bull-Bear Score: -1.5
Jiangsu Baichuan High-Tech's ex-warehouse price for ethyl acetate has been lowered by 600 yuan/ton to 7,100 yuan/ton. Market sentiment is bearish, and companies have significantly reduced their quoted prices, reflecting oversupply or weak demand, which exerts significant downward pressure on spot prices. The score is -1.5 (between generally bearish and significantly bearish), as the price reduction is substantial (a decrease of approximately 8.5%) and market sentiment is negative, potentially triggering a chain reaction of price cuts. Short-term spot prices are under noticeable pressure.
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