Ethyl acetate

Ethyl Acetate Recent Commodity Market Intelligence Analysis

I. Market Price Dynamics

Domestic Market Prices
- Shandong Region:
- Shandong Langcheng Chemical Co., Ltd.: RMB 5,600/ton (purity 99.9%, premium grade, packaged in 180 kg drums).
- Shandong Zhihengda Import & Export Co., Ltd.: RMB 5,000/ton (purity 99.9%, premium grade, packaged in 180 kg drums).
- Liaocheng Yuanze Chemical Products Co., Ltd.: RMB 6,500/ton (purity 99.9%, premium grade, packaged in 180 kg drums).
- Shandong Zhuoyu Chemical Co., Ltd.: RMB 5,550/ton (purity ≥99.5%, domestic origin).
- Shandong Qiangsen Chemical Co., Ltd.: RMB 5,200/ton (purity 99.9%).
- Shandong Xima Supply Chain Management Co., Ltd.: RMB 5,180/ton (purity 99.9%, Zibo City, Shandong Province).
- Shandong Aite Chemical Co., Ltd.: RMB 5,300/ton (purity 99.9%, domestic and Anhui Ruibai brand).
- Zhongsu Supply Chain Management (Shandong) Co., Ltd.: RMB 4,900/ton (domestic origin, Jinan City, Shandong Province).
- Shandong Hongyang Chemical Co., Ltd.: RMB 5,000/ton (premium grade).
- Shandong Yihe Fine Chemical Co., Ltd.: RMB 5,400/ton (Yankuang brand, Shandong Province).

- Jiangsu Region:
- Nanjing Baitu Chemical Co., Ltd.: RMB 6,500/ton (specification 99%, Taixing Jinjiang brand).
- Zhuhai Qianxin Ethyl Acetate: RMB 5,800/ton (factory delivery, cash-on-delivery; 300,000 tons/year ethyl acetate facility operating normally).

- Other Regions:
- Wuhan Hengjiu Chemical Co., Ltd. (Hubei Province): RMB 5,900/ton (domestic origin).
- Enterprises in Shanxi, Henan, and other provinces generally quote prices within the RMB 5,000–5,600/ton range.

International Market Prices
- Southeast Asian markets—including Malaysia—rely heavily on Chinese supply, presenting substantial export opportunities for Chinese products; however, specific export prices are subject to international supply-demand dynamics and trade policy developments.

II. Market Supply-Demand Analysis

Supply Situation
- Domestic Capacity: China remains the world’s largest producer of ethyl acetate, with output estimated at approximately 2.8 million tons in 2024—accounting for 43.1% of global production. Output is projected to exceed 3.5 million tons in 2025.
- New Capacity Additions: Additional ethyl acetate capacity is expected to come online in the second half of the year, including Sichuan Ruibai’s new production facility scheduled for commissioning in Q3, and Xinjiang Zhongrong’s integrated 800,000-ton/year ethyl acetate and 400,000-ton/year anhydrous ethanol project, whose progress warrants continued monitoring.
- Plant Maintenance: Key industry players—including Huizhou Yuxin, Anhui Huayi, and Yankuang Lunan—have scheduled concentrated plant maintenance during Q3, resulting in temporary, sector-wide production reductions.

Demand Situation
- Downstream Applications: Ethyl acetate is widely used in coatings, pharmaceuticals, inks, adhesives, food, electronics, and other sectors. Coatings represent the largest end-use segment, accounting for over 30% of total consumption.
- Demand Growth: Global economic recovery and emerging market expansion continue to drive steady growth in ethyl acetate demand. Notably, agricultural producers such as Malaysia have shown increasing demand for ethyl acetate in pesticide formulation.
- Demand Growth Rate: Although demand continues to rise, its growth rate lags behind supply expansion; thus, prices are anticipated to weaken quarter-on-quarter in H2.

III. Market Price Trend Analysis

Recent Price Trends
- Ethyl acetate prices have exhibited a volatile downward trend recently, with highs reaching RMB 6,300/ton and lows falling to RMB 5,500/ton over the past 30 days.
- Prices vary across regions, brands, and specifications; however, the overall price range remains relatively stable.

Causes of Price Volatility
- Supply-Demand Imbalance: Increasing supply coupled with comparatively slower demand growth exerts downward pressure on prices.
- Raw Material Costs: Concurrent declines in both primary raw materials (acetic acid and ethanol) have weakened cost support for ethyl acetate.
- Plant Maintenance: Concentrated maintenance at major facilities has led to short-term output contraction; however, long-term supply growth expectations remain robust.

IV. Future Market Outlook

Price Forecast
- Short-Term Outlook: Given expanding supply and demand growth lagging behind supply, ethyl acetate prices are expected to remain under downward pressure in the near term.
- Long-Term Outlook: Sustained global economic recovery and emerging market development will continue to drive ethyl acetate demand growth. However, long-term pricing trends will depend on evolving raw material costs, supply-demand fundamentals, and international trade policies.

Market Trends
- Capacity Expansion: Domestic ethyl acetate production capacity will continue expanding, intensifying competitive pressures across the industry.
- Demand Upgrading: As downstream industries raise quality standards, demand for high-purity, high-performance ethyl acetate products is expected to grow steadily.
- Green Production: Environmental regulations will increasingly incentivize enterprises to invest in green production technologies—aimed at reducing energy consumption and emissions throughout the manufacturing process.