Ethyl acetate supply contraction is driving prices to high levels, with an overall upward trend. Following the National Day holiday, some plants underwent maintenance, resulting in a reduction of approximately 2,400 tons in daily output and a drop in industry capacity utilization to 37.09%. This supply shortfall is driving prices upward.
Post-holiday demand for inventory replenishment in the downstream coatings and adhesives industries is unleashing. Combined with smooth export order fulfillment, inventory pressure is manageable and mainstream quotes remain firm.
The market is expected to remain volatile at high levels in October. On the supply side, some plants are gradually resuming operations, but Anhui manufacturers plan maintenance at the end of the month, supporting market sentiment. On the demand side, downstream demand is robust, driven by market trends and the fulfillment of export orders. The raw material acetic acid market saw maintenance at three major factories in East China in mid-to-late October, leading to a clear supply contraction and providing cost support for ethyl acetate.
