1、 Price trend
According to a large amount of data monitoring from the business agency, the domestic ethyl acetate Market has been rising steadily in the near future. As of April 15, the ex factory price of ethyl acetate of East China enterprises was about 5175 yuan / ton, 4.02% higher than that at the beginning of April.
2、 Cause analysis
| POLYVINYL ALCOHOL FIBER |
Product: due to the influence of the price rise of raw materials acetic acid and ethanol on the cost support of ethyl acetate, the price of domestic ethyl acetate keeps rising, the downstream market is active in buying intention, the quotation of enterprises in East China and North China is pushed up, and some enterprises continue to raise the quotation in a single day. Affected by the slow arrival of ships in South China, the market supply is tight, and the price continues to rise. At present, the price in East China is about 5150-5200 yuan / ton, in North China 4950-5150 yuan / ton, and in South China 5300-5400 yuan / ton
Industry chain: in the upstream, the stock of acetic acid market has been reduced to a low level after long-term low-cost shipment. In addition to the news of centralized maintenance of enterprises, the price of acetic acid has recovered, and the market trading has been gradually active. The ethanol market has continued to rise, with less arrival in some regions and higher production costs. The current quotation in East China is about 5262 yuan / ton.
| PVA |
International: the international ethyl acetate market fluctuated and adjusted, with European ports at about 1000 US dollars / ton and North American ports at about 570 US dollars / ton.
3、 Future forecast
According to the ethyl acetate analyst of the business association, at present, the cost of ethyl acetate is well supported. Some enterprises’ maintenance and parking lead to a slight decline in the spot supply. There is a certain speculation in the market. Although the downstream market is more active in recent buying, the market demand is still not fully recovered. It is expected that the price of ethyl acetate will rise in a short time.
| POLYVINYL ALCOHOL |