According to the monitoring of the bulk data of the business agency, due to the poor demand, the East China ethyl acetate market began to decline gradually. As of July 22, the average price of enterprises in East China was about 5570 yuan / ton, down 0.9% compared with the same period last week and 3.72% higher than that of the same period last month.
| PVA |
At present, there is a strong wait-and-see atmosphere in the domestic ethyl acetate Market as a whole. The demand in the downstream market is weak, and the supply exceeds the demand in the industry. However, the overall performance of the upstream market is strong, and the pressure on the production cost of enterprises is obvious, and the market performance is stagnant.
In terms of raw materials, the overall supply and demand game of acetic acid market, and the fluctuation of some enterprises’ devices led to a slight rise in prices, but the overall market still tends to be stable. With the expected increase of future supply, there is a possibility of a decline in the long term. The ethanol market continued to rise, and the price of raw material corn supported the rise of ethanol price. Some enterprises did not make an offer and the market supply was tight.
Internationally, the overall performance of international ethyl acetate is relatively stable, among which the port price of European market is about 740 euro / ton; the port price of North American market is about 650-670 US dollars / ton.
According to the analysts of ethyl acetate of business club, the spot supply of domestic ethyl acetate Market is stable, the downstream demand is limited, and the market transaction is insufficient. Although the cost side support is strong, the situation of oversupply in the industry is difficult to ease, and it is expected to operate stably in the short term.
| POLYVINYL ALCOHOL |