The ethyl acetate market presents a complex situation characterized by regional price divergence, persistent supply pressure, weak demand, export support, and policy influence.
In Shandong, major factories saw continued weak auction transactions, with inventory pressure remaining high. Demand for shipments led to further price reductions. Downstream buyers maintained a bearish outlook, limiting their willingness to enter the market. Furthermore, the imminent resumption of previously shut-down plants exacerbated concerns about supply, resulting in a lack of positive market drivers. Prices in East China remained relatively stable, but the weak market conditions allowed some companies room for negotiation on their quotes. Major factories in Shandong continued to face inventory pressure, leading to further price reductions due to demand for shipments. Inventory levels varied across other regions, but overall showed an accumulation trend.
Downstream companies maintained a bearish outlook, limiting their willingness to enter the market. Purchases were primarily for immediate needs, with low stockpiling intentions.
