In September, the domestic ethyl acetate Market rose sharply, especially in the middle and late ten days, and fell significantly at the end of the month. According to the monitoring of business society, ethyl acetate rose by 22.49% in the whole month, mainly due to the sharp rise of costs and the shortage of supply side.

Firstly, the rising cost is the direct cause of the soaring price of ethyl acetate. After April 2021, the domestic acetic acid market price broke the historical highest price for the second time, and the prices in East China, North China, South China and surrounding areas broke 9000 yuan / ton one after another. At the end of September, when the National Day holiday is approaching, the downstream has no enthusiasm for purchasing high price acetic acid, and the market is mainly passive and high-level wait-and-see. As of September 29, the price of acetic acid was 8950.00 yuan / ton, up 47.69% from 6060 yuan / ton on September 1 at the beginning of September. Meanwhile, the price of acetic acid fell slightly on September 29.

In addition, from the perspective of ethyl acetate supply and demand, first of all, the supply of ethyl acetate at the supply end is significantly lower than that in the previous month, mainly due to the impact of dual control of energy consumption. Manufacturers in Jiangsu, Zhejiang and other regions are obviously affected, and there are too many ethyl acetate maintenance devices. Domestic main manufacturers Jiangsu Baichuan, Yankuang and Taixing Jinjiang have stopped for maintenance successively, resulting in a significant decline in supply, As a result, there is a shortage of goods in the market. Manufacturers and dealers are reluctant to sell, panic buying increases in the market, and prices continue to rise.

On the demand side, in addition to the rigid demand, the stock before the festival increased significantly, and the market turnover was slightly large. This is also an important fundamental reason supporting the sharp rebound of ethyl acetate price. However, with the resumption of driving in Baichuan and Yankuang in Jiangsu at the end of the month, the tension of market supply eased, and the end of downstream pre Festival preparation, the purchase intention decreased, and ethyl acetate fell by a strong margin. According to the monitoring of business society, the callback range of ethyl acetate reached – 7.57% in the last week of September.

In the future, the ethyl acetate analysts of the business society believe that the current rise in the ethyl acetate Market has come to an end, and the decline channel has been opened. The manufacturer’s sharp reduction in the ex factory price in the last week after the festival also confirms that there is no fundamental improvement in demand. Superimposed on the worries about the retreat of the “double control” policy after the festival, the market is unlikely to improve.