Ethyl acetate: soaring prices

During the May Day holiday, some acetic acid manufacturers reduced the load and had maintenance plans. Supported by the reduction of supply, the price of acetic acid began to rise during the holiday. Under the support of cost, ethyl acetate may have some upward expectations. During the holidays, the main factories of ethyl acetate in Shandong were closed and closed for sale, adding cost support. There was strong bullish sentiment and high willingness to purchase in the venue. However, due to the closing of most manufacturers during the holidays, the market resources were reduced and the price did not rise.

On the first day after the festival, except that the main factories in Shandong were still closed for sale, the offers of other manufacturers were raised for many times, and some of them were closed for sale. The enthusiasm of downstream procurement and inquiry is high, but some downstream still have a wait-and-see mentality.