March 2nd News — On March 2nd, Yankuang Guotai Chemical Co., Ltd. maintained normal operations for ethyl acetate, with the current quoted price at 5,670 yuan/ton, up by 70 yuan/ton. The company's production capacity is 400,000 tons. Upstream acetic acid prices remained largely stable with minor fluctuations, providing moderate cost support. Downstream demand followed up as needed, leading to a relatively strong performance in the ethyl acetate market. Note: The above prices include taxes.

Chempricehub Analysis:
Ethyl Acetate, Bull-Bear Score: 1.5
The spot price of ethyl acetate increased by 70 yuan/ton to 5,670 yuan/ton, indicating a relatively strong market performance. Upstream acetic acid prices remained stable, providing cost support, while downstream demand followed up as needed, driving the price increase.
Scoring Rationale: The price increase is significant, with clear support from demand, benefiting the spot market. However, the increase has not reached a major level, hence a score of 1.5.

Acetic Acid, Bull-Bear Score: 0.5
Upstream acetic acid prices remained largely stable with minor fluctuations, providing moderate cost support and indirectly benefiting ethyl acetate production.
Scoring Rationale: Stable market conditions help maintain industry chain costs and provide slight support for downstream commodity prices. However, there is no direct price increase, hence a score of 0.5.