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Last week, downstream buyers of ethyl acetate products were quite active in stocking up. Due to inventory pressure, manufacturers did not raise the ex-factory prices.

This week, domestic production capacity increased slightly as the market entered the pre-holiday stockpiling period. Port inventories declined but remained high overall. Due to sluggish overseas demand, incoming shipments will be relatively concentrated in the coming period, and the market remains bearish in the long term.

With crude oil prices continuously surging, the month-end delivery of toluene and xylene in East China has concluded, and the overall market sentiment is slightly…

Last week, the rebound in crude oil prices provided minor support to styrene prices towards the end of the week. Benzene tracked the fluctuations of styrene prices but did not exert a significant influence on styrene.

Last week, benzene prices first declined and then rebounded. With the continuous increase in domestic production capacity and abundant overseas supply, along with the concentrated arrival of imported goods, port inventories reached a phased high, causing a significant decline in the market. Meanwhile, downstream buyers became more active in purchasing at lower prices, and terminal factories in the northern market raised their receiving prices, leading to a low – level rebound in the market.

From the perspective of styrene’s own supply and demand last week, domestic supply returned to normal levels, with expectations of further incremental growth. Additionally, factory shipments have also resumed stability. On the demand side, the three major downstream industries are struggling to maintain their demand levels.

Last week, the domestic methanol market strengthened. Tight natural gas supplies in the main Middle Eastern markets led to the shutdown of multiple methanol plants, resulting in expectations of a reduction in methanol imports.

Despite a slight weakening in the raw material benzene market, the acetone market remains resilient due to the temporary shutdown of the phenol-acetone plant in Yangzhou and end-of-month inventory replenishment activities. Consequently, inventories in East China have also declined significantly.

Domestic benzene prices remain high and resilient, with stable import arrivals leading to a continuous rise in port inventories.

This week, crude oil prices exhibited wide fluctuations with both increases and decreases observed. As the end of the month approached for toluene and xylene deliveries in the eastern China region, the overall market atmosphere was relatively vibrant.

Wishing you a Merry Christmas filled with joy, love, and peace. Thank you for your support this year. Looking forward to another successful year together.

Recently, the price of ethyl acetate surged due to the temporary shutdown of major factory units, leading to upward adjustments in prices by factories in other regions. Factories in central China have resumed operations, but there is a certain degree of waiting time for scheduling and loading. With the recent resumption of operations at major factories in Shandong, prices have begun to decline, and there are expectations of increased production capacity. It is predicted that prices will weaken further at the beginning of this week on this basis.