The market trend of ethyl acetate has shown a weak and oscillating pattern recently. The price has fluctuated within a relatively narrow range, mainly influenced by the following factors:
Weak cost support: The price of acetic acid, an upstream raw material, is consolidating at a relatively strong level, but the ethanol market continues to oscillate within a certain range, resulting in limited cost support for the price of ethyl acetate.
Prominent supply-demand imbalance: Domestic production capacity continues to expand, while the growth rate of downstream demand lags behind, leading to an oversupply in the market and putting downward pressure on prices.
Divergence in the export market: Although export volumes have increased year-on-year, intensified international competition has led to a decline in export prices, offering limited boost to the domestic market.
Downstream industries such as coatings and adhesives have experienced insufficient consumption recovery momentum due to adjustments in the real estate sector, with demand growth significantly lagging behind supply expansion. Demand for ethyl acetate in emerging fields such as new energy and electronic materials is gradually emerging, but its share remains small, making it difficult to offset the impact of declining demand in traditional sectors.
The release of new production capacity will exacerbate the supply-demand imbalance, making it difficult for prices to see a significant boost. With weak demand in traditional sectors and limited growth in emerging sectors, it is difficult to support price increases. In the short term, the market price of ethyl acetate is expected to continue its weak and oscillating pattern.
