This week (11.21-25), domestic butyl acetate continued to be weak in the downward trend, and the market was short of good news. The main reason is that the demand is relatively weak, and the support of upstream acetic acid and n-butanol is not strong. According to the monitoring of the business community, butyl acetate fell by 4.50% this week. The domestic mainstream quotation of butyl acetate on Friday was 7200-7500 yuan/ton.

First of all, from the cost perspective, acetic acid and n-butanol fluctuated slightly, and the prices of acetic acid and n-butanol rebounded, but with little effort. At present, the prices are still relatively low, which is difficult to provide strong support for downstream butyl acetate. According to the business agency, acetic acid rose 0.37% this week and n-butanol rose 0.7% this week.

From the perspective of acetic acid, according to the monitoring of the business community, the price of acetic acid rebounded slightly by 0.38% this week, but the price is still hovering at a low level. The main reason was that the supply was slightly tightened, the acetic acid plant of Shanghai Huayi stopped due to failure, and the export of some regions increased, while the domestic supply declined for a short time. However, the rebound amplitude is small, and the downturn in downstream demand is difficult to support a strong price rise, especially in North China, Northwest China and other regions where demand is weak, and it is difficult to follow up the late rise.

From the perspective of supply and demand, butyl acetate shows a relatively prominent pressure of supply and demand, and the market shows that both supply and demand are not strong. On the supply side, the operating rate of manufacturers remains low, and the market operating rate is still below 40%. The supply pressure is not large. This week, the prices of butyl acetate manufacturers remained at last week’s level. Downstream demand has not improved significantly. The market trading and investment atmosphere is not good, and most businesses are bearish.

Future market forecast: In the short term, the cost of butyl acetate is unlikely to be good in the later period, and the weak shock will continue if the supply and demand are not strong or the market is plagued for a long time. In the near future, attention should be paid to the price trend of upstream acetic acid and n-butanol, as well as the commencement of downstream plants.