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### **Ethyl Acetate Market Extends Gains, Though Upside May Narrow**
**Market Close**
The ethyl acetate market continued its upward trend in the previous trading session, driven by firm cost support and low inventory pressure at production facilities. However, market sentiment showed signs of weakening by the close.
**Key Market Drivers**
- **Costs:** The cost outlook remains supportive. In the acetic acid market, steady just-in-time (JIT) buying from major consumers and moderate operating rates have kept supply and demand largely balanced, with producers maintaining firm pricing intentions due to manageable inventory levels. In the ethanol market, low inventory levels in Northeast China continue to underpin prices, despite cautious buying interest. Sellers face little immediate pressure, and prices in East China are expected to remain elevated, influenced by trends in the Northeast.
- **Supply:** Supply is poised to increase, with a plant in Lunan scheduled to resume sales and new capacity coming online in South China. Nevertheless, the market currently has no significant inventory overhang.
- **Demand:** Downstream demand remains focused on essential, just-in-time purchases, with little sign of speculative buying.
**Outlook**
While low factory inventories and sustained cost support are expected to underpin the market, the broader strengthening in commodity market sentiment is showing signs of cooling. As a result, some traders may look to lock in profits, which could narrow the pace of price increases.
According to a market survey, 60% of industry participants anticipate further price gains, projecting an increase of RMB 50-80/ton, while the remaining 40% expect prices to hold steady.
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Post time: Mar-25-2026