Welcome to #Guanghua Lecture Hall #again. In the first two issues, Guanghua Jun discussed the following industrial chains, "Understanding the soda ash value chain in one article (with production flow chart) ", "PTA: Under cost transmission, bread is more expensive than flour!", "Understanding the epoxy resin value chain in one article (with production flow chart) ", today, let's talk about ethyl acetate.
Ethyl acetate, also known as ethyl acetate, is a colorless, transparent and aromatic liquid. It is widely used in the field of fine chemicals due to its excellent solubility and fast drying. It is a very important organic chemical raw material and an excellent industrial solvent.
This month, weak demand has dragged down ethyl acetate. In addition, the weakening of the cost-side acetic acid market has exacerbated the decline in ethyl acetate prices. Currently, the export price of ethyl acetate is 7500-7710 yuan/ton.
Weak demand, weakening upstream acetic acid market, driving downstream ethyl acetate prices down, coupled with acetic acid has been pulled to a relatively high point to the downstream conflict psychology, prices have been corrected.
Recently, the operating rate of the ethyl acetate plant has been relatively stable, and there has been a small reduction in the ex-factory price by the manufacturer, and the reduction range is about 200 yuan/ton. At present, the supply of ethyl acetate exceeds the demand. Some manufacturers in southern China have reduced production load, and the inventory pressure is obvious. Manufacturers need to reduce prices and arrange warehouses, which also suppresses market confidence and makes market expectations fade.
Weak market demand, weaker procurement demand from downstream factories and distributors, flat demand and reduced orders, resulting in a slowdown in procurement efforts and limited transaction volume. The current market transaction trend is mostly low-end prices for small orders, and the overall market demand remains sluggish.
At present, the upstream raw material acetic acid is revised back from a high level, and the cost is obviously bearish. The supply and demand side is difficult to change in the short term, and the low-end transaction of the market is better than the high-end. In the long run, the market still maintains a weak operation, so it is expected that ethyl acetate may still have downward space.
