According to the Commodity Market Analysis System of Shengyi Society, as of February 28th, the average production price of ethyl acetate was 5613.33 yuan/ton, a narrow decrease from the beginning of the month price of 5630.00 yuan/ton, with an overall decline of 0.30%. The main reason for the fluctuation in the price range of ethyl acetate is due to weak support from the supply side, poor downstream demand, and cautious mentality among industry players.

Market analysis: This month, the market for ethyl acetate fluctuated within a certain range. The overall utilization rate of ethyl acetate production capacity increased during the month, and the market supply was relatively sufficient. The upstream acetic acid price fell, and the negative impact of cost was felt. The mentality of ethyl acetate was not good, and the downstream side maintained a focus on demand. The trading atmosphere on the market was average, and under the supply-demand game, the price of ethyl acetate fluctuated narrowly throughout the month.

According to the Business Society Acetic Acid Commodity Market Analysis System, as of February 28th, the price was 2800 yuan/ton, a decrease of 5.08% compared to the acetic acid price of 2950 yuan/ton at the beginning of the month. The raw material side acetic acid market is weak and volatile, with weak cost support and lower profits for ethyl acetate.

Looking at the future market, the current price of ethyl acetate is running weakly and steadily, with lukewarm downstream support for the market. In the later stage, some enterprises plan to increase the load of ethyl acetate equipment, and the expected increase in on-site supply will increase the pressure on market supply. It is expected that the price of ethyl acetate will continue to run weakly in the future, and specific attention will be paid to changes in supplier equipment and downstream follow-up.