News

In the early part of last week, difficulties in scheduling pickups from the main production facility in Central China, coupled with the continuous upward trend in raw material ethanol prices, led to a rebound in ethyl acetate prices.

Although there has been no significant change in the raw material benzene, the acetone market has been weak and declining due to insufficient purchasing power downstream and an increase in inventory at East China ports, resulting in sluggish market transactions.

Last week, the upstream supply of benzene increased slightly, and the supply and demand side was overall stable，The outer disk fell sharply at the beginning of the week, and the outer source of goods entered the domestic. Therefore, the arbitrage space is opened. Port inventories increased slightly. Due to the long-term low consolidation of the benzene market in the early stage, the downstream procurement enthusiasm is not high. However, the downstream centralized replenishment last weekend, promoting the upstrend of market price.

The market of acetic ether tended to be stable at the beginning of last week. On Monday and Tuesday, the premium atmosphere of the main factories in Shandong weakened, and gradually recovered to the previous price range. At present, the raw material side and downstream demand has not changed much, and the market of acetic ether is expected to consolidate in the current range.

Last week, the war situation in the Middle East was still tense, and crude oil prices continued to fluctuate greatly. Toluene and xylene port cargoes were concentrated at the port at the end of the month, and the inventory quantity increased.

As the price of raw material Benzene drops and new production capacity is released in the phenol-ketone unit, downstream companies mostly purchase on demand and the price of acetone is weak. However, port inventories continue to decline and are relatively low.