China is the first international producer of ethyl acetate, and export is one of the main ways of ethyl acetate consumption. Therefore, the export dependence is also increasing year by year. Domestic production enterprises such as Shandong jinyimeng, Anhui Ruibai, Jiangsu Thorpe, Taixing Jinjiang, Huayi, etc. have direct export operations. In recent years, affected by the epidemic, export growth has been affected to a certain extent, but export is still an important business for some domestic enterprises.
In March, the main exporting countries of domestic ethyl acetate were Vietnam, Taiwan Province, Thailand, Indonesia, Japan, the Philippines, Malaysia, etc., while in April, the main exporting countries were Japan, Vietnam, Taiwan Province, Turkey, Malaysia, Indonesia, etc. Relatively speaking, exports to Japan and Turkey increased significantly in April, while exports to Taiwan Province and Thailand decreased significantly. Vietnam is the main export destination.
Compared with March, Jiangsu province accounted for 83% of domestic ethyl acetate exports in April, an increase of 20 percentage points month on month, and the export of Zhejiang Province also increased slightly. The exports of Guangdong Province and Shanghai have declined to varying degrees. This is mainly because Jiangsu is the main supply area of ethyl acetate in China, and the export operation conditions are relatively convenient. Some enterprises can even ship goods directly through pipeline transportation.
Overall, the export of domestic ethyl acetate Market will still affect the domestic market. In addition, the maintenance of domestic Yankuang equipment has reduced the supply. Although other enterprises have increased the load and restarted, which has supplemented the gap of Yankuang's parking, the domestic supply is still relatively loose. However, some enterprises have a large amount of export documents, so the local spot supply is not high.