**1. Previous Closing Prices in the Mainstream Market**
Ethyl acetate prices in multiple regions continued to decline on the last business day. Although current prices have pushed factory production into loss, market supply and demand pressures remain significant. Some factories still prioritize shipment, leading to further price weakness.
**2. Key Factors Influencing Current Market Price Changes**
**Costs:**
In terms of acetic acid, some producers remain offline, but the industry’s overall operating rate has recently increased to some extent. Downstream buyers are mainly purchasing on a need-to-know basis, with spot purchasing interest likely to be relatively moderate. The acetic acid market is expected to remain stable, though price declines cannot be ruled out in some regions.
Regarding ethanol, the downside room for fermented ethanol prices may be limited, with medium-term attention on bottom support. Production losses persist in Northeast China, providing ongoing cost support.
**Supply:** Only one plant has been confirmed to undergo maintenance in June, while most are scheduled for July. Inventory accumulation in June may serve as preparation for July maintenance. In addition, coal-based ethanol output has decreased. The current price spread between coal-based ethanol and fermented ethanol is narrow. The decline in coal-based ethanol supply may provide psychological support to fermented ethanol. Market participants should monitor whether coal-based ethanol prices may rise in the future.
**Demand:** No significant fluctuations are observed; downstream buyers continue to maintain low raw material inventory levels.
**Supply & Demand:** A plant in southern Shandong plans to restart early next month, while other plants are operating steadily, resulting in ample supply.
**Sentiment:** The market has fallen to a relatively low point, and participants are adopting a cautious attitude.
**3. Trend Forecast**
Looking at today, under the combined influence of production losses and supply-demand pressures, market sentiment remains cautious. Further minor price concessions cannot be ruled out. In today’s market survey, 50% of participants expect prices to remain stable, while 50% expect prices to decline, with the magnitude likely around RMB 20–50/ton.
Post time: May-28-2026