In Jan. 2023. Ethyl Acetate is in low demand. The lowest price in the East China market was 6,345 yuan/ton, and the highest price was 6,495 yuan/ton. The monthly average price was 6,373 yuan/ton, a decrease of 106 yuan/ton from the previous month, and a decrease of 1.64% from the previous month.
At the beginning of January, the prices of raw materials -- glacial acetic acid and ethanol both fell, and the cost of production kept reducing. But the total volume of market supply increased, traders and end-user customers reduced their purchases, and some manufacturers’ inventories increased accordingly. Factory bidding began to be lowered and they changed to offline in the retail mode, the market reaction has improved compared with the previous period, and the transaction has increased, but the transaction is still dominated by low-end prices. Some downstream factories are stocking up, and logistics and transportation have been shut down one after another. Work is suspended during the Chinese new year holiday, and the demand for periodic replenishment is coming to end.
After the Chinese spring festival, the price of raw material acetic acid has risen sharply. The production cost is based on the obvious increase in the market, and the market supply has not yet fully recovered. Some downstream traders have replenishment needs, and the price continues to rise at the end of the month.