On January 16, Yankuang Guotai Chemical Co., Ltd. maintained normal operation of its ethyl acetate production, with the price reduced by 20 yuan/ton to 5,590 yuan/ton. The company's production capacity is 400,000 tons. Upstream acetic acid market remains strong, leading to significant cost pressure. Downstream demand follows on a need-to basis, and the company's shipments are moderate. Ethyl acetate prices are consolidating with a downward trend. Note: The above prices are inclusive of tax.
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