Last week, the market for glacial acetic acid remained sluggish, with little variation in prices across regions. Regional digestion was evident, gradually pushing prices to their lows this year. Downstream buyers were relatively cautious in accepting shipments.
Ethyl acetate, major factories gradually resumed production last week, further boosting capacity. Excessive supply in the market prompted Shandong's major factories to progressively lower their prices, with neighbouring factories following suit. This led to distributors offloading their inventories. However, by the end of the week, prices stabilized, and it is anticipated that ethyl acetate prices may still have some room for decline this week, as downstream customers make rigid demand-driven replenishments.
For n-butyl acetate, price fluctuations were limited last week, with no significant improvement in raw material supplies or demand. The market is expected to remain stagnant this week, with attention focused on rigid demand-driven replenishment of inventory.
As for n-propyl acetate, the upward trend continued last week, constrained by the scarcity of n-propanol, which affected production at various factories. Some major factories halted operations, resulting in persistently high prices. Downstream customers are making rigid demand-driven replenishments. Prices are expected to remain firm this week. If there is no significant improvement in raw material supply, prices could climb to their highs for the year.
