Last week, downstream buyers of ethyl acetate products were quite active in stocking up. Due to inventory pressure, manufacturers did not raise the ex-factory prices. The major factories in Shandong maintained a stable starting bid price and achieved daily premium transactions, effectively regulating inventory pressure. The peripheral factories had low inventories and were generally scheduled for shipment. It is expected that with the slowdown in downstream restocking this week, the premium situation will ease.
Last week, the shipment of n-propyl acetate from factories was smooth, with no inventory pressure. Factories in East China were scheduled to ship until around the 20th of this month. The active restocking by downstream buyers drove up the price of raw material n-propanol. It is expected that n-propyl acetate will remain stable with a slight upward adjustment this week, and factories have no inventory pressure. Last week, the market for n-butyl acetate was stable, with little change in factory quotations. Deals could be negotiated on a case-by-case basis. The performance of raw material butanol was average and did not support the price of n-butyl acetate. It is expected that the market for n-butyl acetate will remain stable this week, and factories will ship according to the schedule.
