Recently, the price of ethyl acetate surged due to the temporary shutdown of major factory units, leading to upward adjustments in prices by factories in other regions. Factories in central China have resumed operations, but there is a certain degree of waiting time for scheduling and loading. With the recent resumption of operations at major factories in Shandong, prices have begun to decline, and there are expectations of increased production capacity. It is predicted that prices will weaken further at the beginning of this week on this basis.
Currently, the price of n-propyl acetate has further declined due to influences on the raw material side, and downstream demand remains moderate. Factories are open to negotiations on actual orders based on the guidance price. As January approaches, attention is being paid to the stockpiling situation of downstream customers. At this stage, purchases are based on rigid demand, and it is expected that prices will remain stable or decline slightly this week.
Regarding n-butyl acetate, factories in North China are currently facing production tensions with extended pick-up times. However, inventory and production at major factories in Shandong are normal. The raw material n-butanol market remains relatively stable, resulting in fluctuating prices of n-butyl acetate this week. Earlier market news indicated that new production capacity had not commenced as scheduled. It is expected that the market trend will continue from last week, with focus on inventory levels before the holiday and rigid demand for replenishment.
